Amid the ongoing geopolitical upheavals, robust oil demand, upbeat industry forecasts, and OPEC+ production cuts, a surge in crude prices could be witnessed. Moreover, the intensified demand spurs exploration and production companies to discover fresh oil reserves.
This scenario could stimulate investors’ interest in the sector, specifically targeting companies best positioned to yield significant profits. Therefore, fundamentally strong energy stocks Newpark Resources, Inc. (NR), Permianville Royalty Trust (PVL), and Superior Drilling Products, Inc. (SDPI) could be solid portfolio additions now.
