The energy sector is well positioned to witness significant growth, thanks to the ramped-up demand for oil and gas. Therefore, we wanted to explore the upside potential of quality oil and gas stocks, HF Sinclair Corporation (DINO) and PBF Energy Inc. (PBF).
Geopolitical crises and macroeconomic headwinds marred the overall economy last year. But on the contrary, the energy sector performed relatively well. Over the past year, the Energy Select Sector SPDR Fund (XLE) has gained 24.7%, while the broader SPDR S&P 500 ETF Trust (SPY) plummeted 7.1%.
