The energy sector is slowly shifting toward cleaner sources due to increasing worries about climate change. Despite the current low energy prices, the industry is well-positioned to achieve sustainable growth by managing temporary supply limitations and addressing the anticipated long-term surge in demand.
Amid this backdrop, it could be wise to add quality energy stocks Energy Transfer LP (ET), NOW Inc. (DNOW), and Ranger Energy Services, Inc. (RNGR) to one’s portfolio.
