Oil prices are set to rise due to tight supplies after OPEC+ voluntary cuts and robust demand for oil and natural gas globally, creating significant tailwinds for companies providing energy services. Given the industry’s bright prospects, it could be wise to invest in fundamentally sound energy stock Halliburton Company (HAL) for substantial returns.
However, investors could hold Schlumberger Limited (SLB) and wait for a better entry point in this stock while avoiding struggling Antero Resources Corporation (AR) seems prudent.
