• Recovery in Oil and Gas prices and stocks looks sustainable. Stocks still represent a good investment opportunity in our opinion. Energy stocks benefit from limited investment in oil and gas production and development.
  • Concerns over global warming and greenhouse gas emissions limit capital flows to the oil and gas industry.
  • This lack of capital has reduced the amount of new development and production. US drilling activity down thus lowering supply.
  • Demand for oil has recovered to 2019 levels and is poised to grow at 3% for the next several years.
  • Increased demand has eaten into OPEC’s excess capacity cushion.
  • Lower supplies of oil result in higher price. US supplies unusual lack of response to higher price means prices will stay higher longer.

Stocks we like:

Company NameTickerPrice Dividend Yield
Civitas ResourcesCIVI$52.893.55%
Petróleo Brasileiro – PetrobrasPBR$13.4215.21%
OvinitivOVV$40.521.39%
Suncor EnergySU$28.894.58%
Antero Midstream CorporationAM$10.148.77%