ED - 3 Energy Stocks That Could Directly Benefit From the Economy Reopening
When governments shut down their economies last year to slow the spread of the coronavirus, it caused energy demand to fall off a cliff. While demand has steadily recovered as some restrictions have been lifted, it's not yet back to its pre-pandemic level since not all economies have fully reopened. However, the rollout of vaccines should allow governments to open things wide up in the coming months.
That should give energy demand a shot in the arm, boosting the fortunes of energy stocks . Three that our contributors believe could directly benefit from the economic reopening are utility Consolidated Edison (NYSE: ED) , refiner Phillips 66 (NYSE: PSX) , and oil producer Devon Energy (NYSE: DVN) . Here's why they have the most to gain as the economy reopens.
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3 Energy Stocks That Could Directly Benefit From the Economy Reopening