Heightened supply cuts by OPEC+ and a growing global demand for oil are poised to drive an increase in oil prices. Furthermore, oil prices surged this month, spurred by rising fears that tensions in the Middle East could disrupt oil supply coupled with expectations of rate cuts that could stimulate economic growth and boost fuel demand.
Given the backdrop, in this piece, I highlighted the fundamentals of three energy stocks: MPLX LP (MPLX), ChampionX Corporation (CHX), and Pembina Pipeline Corporation (PBA). After assessing these stocks, I believe MPLX and CHX could be solid investment candidates. However, investors could keep an eye on PBA for a better entry point.
