VLO - Easter Is Here: 2 Crude Stocks For Your Basket

2023-04-06 07:15:00 ET

Summary

• Surprise! OPEC+ cuts oil production by nearly $1.2B barrels per day, which presents opportunities for investors willing to consider risk and stocks in oil and gas.
• From trough to peak, energy (XLE +13%) continues to outperform over the last year, and dividend-paying energy stocks are a great way to hedge against inflation.
• In light of Fed hikes and inflation, oil and gas stocks allow investors to capitalize on costs that can be passed to consumers.
• Despite more pain at the pump potential, I have two crude oil stocks with Strong Buy quant ratings and possible tailwinds from the OPEC announcement to consider in gassing up a portfolio.

For further details see: