Rising economic and geopolitical issues and increasing oil inventory withdrawals have spurred oil price volatility across major parts of the world. Amid this, oil prices are spiking to record highs, and the stream is likely to continue in the future, booming the prospects of the oil and gas market.
Given the industry’s resilient outlook, investors could consider buying fundamentally sound oil and gas stocks: Schlumberger Limited (SLB), VAALCO Energy, Inc. (EGY), and Obsidian Energy Ltd. (OBE) with major upside potential.
