The Best Energy Stocks To Buy Now - Part 1

After oil prices rose to multiyear highs in the mid-$70s per barrel earlier this summer, they have hung in the high$60s in August so far as the resurgent coronavirus spurs international travel restrictions while the number of people receiving vaccinations steadily rises. Oil prices are likely to remain stable while the global economy recovers amid the global pandemic, says Rob Thummel, senior portfolio manager at TortoiseEcofin in Overland Park, Kansas.

Taking into account the lack of clear direction for oil and the intensifying push to combat climate change, here are seven valuable energy stocks to add to a portfolio.

Cheniere Energy Inc. (ticker: LNG)

Cheniere Energy operates facilities that liquefy natural gas to be loaded onto ships and transported globally. As the largest liquefied natural gas, or LNG, operator in the U.S., Cheniere Energy remains a favorite, Thummel says. "The U.S. has a real opportunity to be a global leader in liquefied natural gas," he says. "The U.S. could be the largest LNG provider in the world by the middle of the decade." The stock market is undervaluing the steady, fee-based nature of the company. "This model was tested during the pandemic, and the company delivered a steady, growing stream of cash flow," Thummel says. "As the company increases free cash flow generated to pay down debt and establish a dividend, the market will begin to better appreciate the potential of Cheniere."

Source: https://finance.yahoo.com/news/10-best-energy-stocks-buy-191617467.html

▶️ 3Speak