NVR - Looking at Oil Stocks? Here Are 5 Sectors With Better Prospects You Can Buy Right Now.
If you're looking at oil stocks right now, you're probably excited by the prospect of buying top oil stocks at discount prices but a little worried about the gloomy outlook for the industry at large. You're right to be concerned: Oil production may be unprofitable for months, if not years, and oil companies are slashing dividends and capital spending left and right. It's a risky sector right now.
With that in mind, we rounded up five Motley Fool contributors who regularly cover the oil industry and asked them what sectors they think have superior prospects. They came back with five different sectors, and shared a top stock pick from each one.
Here are the investments they believe are better bets than oil right now.