Tighter supplies amid extended oil output cuts by Saudi and Russia and soaring demand worldwide will likely cause oil and gas prices to rise this year and beyond, creating strong tailwinds for the energy sector. Given the industry’s solid prospects, it could be wise to invest in fundamentally sound energy stock Shell plc (SHEL).
However, investors could hold Par Pacific Holdings, Inc. (PARR) and wait for a better entry point in this stock while avoiding struggling Devon Energy Corporation (DVN) seems prudent.
