The energy industry’s prospects look promising, given the increased global energy needs resulting from population growth, industrialization, economic development, and greater use of energy-intensive technologies. Despite the rapid transition to renewable energy sources, the outlook for traditional energy sources, such as oil and gas, remains strong.
Given this backdrop, it could be wise to add fundamentally strong energy stocks TotalEnergies SE (TTE), Plains All American Pipeline, L.P. (PAA), and Profire Energy, Inc. (PFIE) to one’s portfolio even if the trends in oil and gas prices don’t show promise.
