The energy sector looks well poised to grow owing to growing geopolitical tensions and the extension of OPEC+ oil supply cuts through the year's first half. Furthermore, the prospects of interest rate cuts later this year brighten the sector’s prospects.
Amid this backdrop, investors could consider buying fundamentally robust energy stocks Precision Drilling Corporation (PDS), VAALCO Energy, Inc. (EGY), and Adams Resources & Energy, Inc. (AE). Before diving deeper into the fundamentals of these stocks, let’s discuss what’s shaping the energy industry’s prospects.
