Following an exceptional performance last year, the energy sector is expected to maintain its growth momentum in 2023. The strength in demand, primarily driven by Asian countries, and weakness in supplies as Saudi announced more production cuts in addition to previously announced OPEC+ cuts could considerably lift oil and gas prices this year.
Therefore, investors are buying fundamentally sound energy stocks Energy Transfer LP (ET), Cheniere Energy, Inc. (LNG), and Weatherford International plc (WFRD) for solid returns.
