The term goldilocks has begun to make the rounds in economic circles early this year, as unemployment remains low, interest rate cuts appear to be on the horizon, and companies are gearing up for a soft economic landing. And, as we move away from recession fears, it appears that oil could be bottoming out as well. A great reason to take a look at energy stocks early in 2024.
And one oil stock that is aggressively putting its house in order for a run higher in the new year, is Amplify Energy (AMPY). Amplify is a U.S. based oil and gas exploration and production company. The company’s properties primarily consist of operated working interests in producing and undeveloped leasehold acreage and in identified producing wells in North America. Amplify also owns non-operated working interests in producing and undeveloped leasehold acreage.
