2 Oil Stocks Still Worth Buying With Oil Down to $70 a Barrel
Oil is around $70 a barrel, well off the $112.95 it was back in April. With the Strait of Hormuz reopening, oil stocks have slumped, but in the long run, countries will be looking to build up their reserves.
Even with crude oil dipping to around $70 a barrel, ConocoPhillips(NYSE: COP) and BP(NYSE: BP) offer compelling setups for investors focused on structural efficiency, resilient cash flow, and shareholder returns. Their shares are down more than 14% and 11% over the past month, respectively, providing a good buying opportunity for investors with a long-term view.
Here are five reasons why these two energy giants remain resilient and highly attractive buys in a sub-$70 pricing environment.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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