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Energy stocks are having their best day of the year — Here are Wall Street's best buys from here

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Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.

are all climbing more than 10% on Monday as these heavily shorted stocks experienced "a large short cover bounce," Gruber said.

"Long cycle offshore activity should see less of an impact unless the outages/geopolitical risk premium sustains for an extended period while structural oversupply likely remains," Gruber said. "Thus the bounce in the offshore drillers could fade before other sub-sectors."among drillers as it's already "well positioned" with a possible asset sale by year-end before the positive impact from higher oil prices, Singer said. Kosmos Energy is up 9% Monday.

"We also see a positive set up into the company's November analyst day given robust free cash flow at a lower crude environment," Singer said.may have "disproportionate stock reactions" given its elevated leverage, he noted. Its stock jumped 9% Monday.Refiners took a hit from the Saudi attack as many U.S. facilities depend on heavy crude supplied by countries including Saudi Arabia.

 

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Wall Street set to open lower after Saudi attacks; energy stocks surgeWall Street was set to open lower on Monday as the weekend attack on Saudi Arabi... Nixon froze gas prices---let that sink in simple but powerful illustration of the consequences. you can be a billionaire also in this way, i mean loosing much money. like i always say the business have 2 faces. destroy to rebuild, or invest to improve. anyway. if you want to find out who was behind the attacks maybe look at who made really big plays in energy stocks recently
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Wall Street slips at open after Saudi attacks; energy stocks surgeU.S. stocks opened lower on Monday as the weekend attack on Saudi Arabian crude ... Et la pollution aussi en hausse....
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