The world woke up to a pleasant surprise on Monday morning as pharmaceutical giant Pfizer announced positive data for its COVID-19 vaccine candidate. That news fueled a massive rally in the market, especially shares of companies most impacted by the pandemic, like oil stocks .
However, despite some impressive rallies in the oil patch this week, several stocks still look cheap. Three that stood out to some of our energy contributors were ConocoPhillips (NYSE: COP) , Chevron (NYSE: CVX) , and ONEOK (NYSE: OKE) . Here's why they still look like they have a lot of upside potential even after their recent vaccine-fueled bounce.
Image source: Getty Images.
For further details see:
Vaccine Hopes Sent These 3 Oil Stocks Up More Than 15%: Here's Why They're Still Cheap