Both West Texas Intermediate and Brent crude are trading above the $121 mark, and there is every indication that unless there is a cessation of the war between Russia and Ukraine and a major change in domestic policy by the Biden administration, the unthinkable price of $150 per barrel oil may not only happen this year but perhaps this summer.
While the pain at the pump for Americans is grim, so is the pain from the stock market this year. It makes sense to stick with the sector that looks poised to stay hot in the coming months. It is also important to note that natural gas is trading close to the $9 level for the first time since August of 2008, as dwindling inventories have pushed prices higher.
We screened our 24/7 Wall St. energy research database looking for energy stocks that pay big dividends, are rated Buy by major Wall Street firms and still have room to run. Seven companies hit our screen and all make sense for investors looking for outstanding total return ideas.
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