One of these factors is how Warren Buffett is now positioned to own over 29% of Occidental Petroleum Co. (NYSE: OXY), as well as how analysts at Goldman Sachs recommended oil as one of the commodities to break out this year within their 2025 macro outlook report. More than that, Paul Tudor Jones made it a point to buy oil as he mentioned how cheap it is today during a recent CNBC interview.
However, not all energy stocks are made equal; some of them are higher up in the sector’s value chain and can have first dibs on the earnings and value that will be created from higher oil prices. One such name can be found in shares of Transocean Ltd. (NYSE: RIG), as a drilling equipment manufacturer and provider, this company is positioned to get paid before anyone else in the sector when demand starts to pick up.
