Reported 12 months ago
The article discusses the volatility of oil prices over the past year, particularly focusing on the current high price of $82 per barrel and the increasing crude oil production in the US. Analyst Michael Scialla recommends investing in energy stocks, specifically highlighting SM Energy Company and Matador Resources Company for their growth potential. SM Energy is said to have a 46% upside potential, while Matador Resources is forecasted to see a 39% increase. Both companies are commended for their positioning in the energy sector, presenting an opportunity for investors amid favorable market conditions.
Source: YAHOO