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These 20 energy stocks are worth a look if you think oil prices will soar in 2023

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20 energy stocks that you can play if you believe oil prices will soar in 2023

Harris Kupperman, the president of Praetorian Capital, made a couple of interesting calls heading into 2022. He predicted that stocks of the giant tech-oriented companies that led the bull market would be sold off, and that oil prices would continue to rise through the end of 2022.

Even though Kupperman didn’t get his oil price call right, the energy sector of the S&P 500 SPX, -0.71% was up 60% for 2022 through Dec. 27, excluding dividends. That is the only one of the 11 S&P 500 sectors to show a gain in 2022. And the energy sector is also cheapest relative to earnings expectations, with a forward price-to-earnings ratio of 9.8, compared with 16.7 for the full S&P 500.

Vicki Hollub, the CEO of Occidental Petroleum Corp. OXY, -3.26% — the best-performing S&P 500 stock of 2022 — said during a recent interview that there was “no pressure to increase production right now,” citing a $40 per barrel break-even point for oil prices.At the end of November, these 20 oil companies stood out as reasonable plays for 2023 based on expectations for free-cash-flow generation and dividend payments.

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Soar? When the current admin is consistently trying to banish fossil fuels? Unless you think Biden will get impeached or something lol

🤮 ClimateEmergency

$pcg looking attractive

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