The future of the energy industry appears bright due to rising global energy demands from population growth, industrialization, economic development, and increased use of energy-intensive technologies. Additionally, traditional energy sources like the oil and gas industry continue to have a solid long-term outlook despite the ongoing shift towards renewable energy.
Amid this backdrop, it could be wise to add fundamentally strong energy stocks Valero Energy Corporation (VLO), HF Sinclair Corporation (DINO), and Newpark Resources, Inc. (NR) to one’s watchlist.
