Coupled with the OPEC+ surprise production cuts, the rising demand on the backs of China’s reopening could propel the oil and gas prices further up in the near future. Against this backdrop, let us explore some energy stocks, such as Hess Midstream LP (HESM) and CVR Energy, Inc. (CVI), which are outperforming Wall Street now.
In 2022, endless and painful macroeconomic factors like geopolitical turmoil, persistent rate hikes, and high prices considerably diminished the outlook for certain sectors but, on the contrary, significantly brightened the prospects of some other sectors like the energy sector.
