Countries are actively participating in the transition to renewable energy sources due to growing concerns over climate change. However, this transition to cleaner sources of energy is unlikely to affect the long-term demand for oil and gas significantly.
As the demand for oil and gas is expected to remain steady, it could be wise to buy fundamentally strong energy stocks Valero Energy Corporation (VLO), NGL Energy Partners LP (NGL), and Newpark Resources, Inc. (NR). These stocks are B-rated (Buy) in our proprietary rating system, POWR Ratings.
