As 2016 grew to a close, oil investors rejoiced because oil was finally making a rebound after its huge dip to only $20 a barrel. By the end of the year, the price had risen to $50 a barrel and 2017 has seen crazy growth in oil stocks. As an investor, it is vital individuals do their homework and make sure they are taking advantage of the crazy swings this year has brought. These tips will help investors learn about favorable oil stocks for this year.
- RSP Permian is forecasted to grow 82% to 95%.
- Parsley Energy is expected to rise up to 70%.
- Diamondback Energy is likely to grow more than 65%.
- PDC Energy will likely rise more than 40%.
- WPX Energy is expected to see a rise as high as 30%.
Since the oil wars occurred, the United States has had quite the problem with supply. Although there was an initial surge in production, some companies have been bought out or merged to form larger conglomerations, which has led to a decrease in output. This year, it behooves anyone interested in stepping into oil investing to get started right away because the atmosphere is prime.
In the world of oil companies, there have been very few females running the show but that all changed in 2015 when Vicki Hollub became president and chief executive officer of Occidental Petroleum Corporation. When they asked her what she thought of her role, she said this was an honor she could not be more grateful for. This just shows people of all ages, genders, and social statuses can do well in oil, even if they only first dabble in it.
It is important to check the market and buy oil stocks before they rise exponentially later in the year. This is vital for getting the best price so a true profit can be made.
If you are interested in learning more about these companies, check out their numbers and see which one will offer you the greatest potential. The more you study and learn about the oil industry, the better equipped you will be to make a sound decision when purchasing stock.