3 Oil Stocks Flying Under The Radar After OPEC+ Cuts | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Oil rose on Thursday, extending a rally of nearly 3% in the previous session, as U.S. crude exports hit record highs.

Here 3 some lesser-known oil and gas stocks that are set to benefit from the current market environment and are also quite popular with hedge funds.Houston, Texas-based is an oil exploration infrastructure firm that operates in the U.S. oil and gas fracturing segment. A total of 30 hedge funds have NEX stock in their portfolios.on Tuesday, with Revenue of $896M good for 127.9% Y/Y growth and net income of $104.7 million a huge improvement from net loss of $44.

“There are clear recessionary signals in the broader economy. And this brings obvious fears to some that near-term oil demand will succumb to macro pressures. An industry slowdown is not our base case. And given the extreme tightness that currently exists in frac even in a recession, we would expect relatively favorable U.S. frac supply demand dynamics in 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to watch for in this quarter’s Big Oil earnings\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »