Considering the growing global demand for oil and gas, the energy sector is well-positioned to maintain its growth momentum. Given this backdrop, let us explore some energy stocks North American Construction Group Ltd. (NOA), Ranger Energy Services, Inc. (RNGR), and Graham Corporation (GHM), with a promising outlook, which could be solid buys now.
Despite broad economic concerns and geopolitical instability, the energy industry fundamentals look promising. Thanks to the reopening of China, the global energy demand is anticipated to rise to record levels in 2023. Moreover, as per Statista, the global demand for crude oil (including biofuels) will increase to 101.89 million barrels per day in 2023.
