These 20 energy stocks are worth a look if you think 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.

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Here are five stock-market 'early indicators' that could impact returns in 2023As investors look back after a brutal year for markets, many are asking themselves the same question: was there anything we could have done to sidestep a... I read lots of books for investment, watched many videos but nothing to show off.Under 5days of investment with Morris_Huxley ♥️ I have learnt and earned profits of at least $3850 in Days 💰.So grateful to have an opportunity with Morris_Huxley contact him to invest on TRADING
Source: MarketWatch - 🏆 3. / 97 Read more »

Invest in Yourself the Way You’d Invest in the Stock Market in 2023From learning new skills to cultivating relationships, investments of time and money now can pay off in the years to come. Follow AVERAGE STUDENT if u like that. Thx. Best investment for 2023 AND AFTER : GOOD HEALTH ,and not a blind trust in vaccines and doctors Invest and improve your skills and find and keep a smart friend.
Source: WSJ - 🏆 98. / 63 Read more »