On Monday, crude futures prices briefly hit their lowest levels since December of 2021 on the endless lockdowns in China, where demand has been crushed by the heavy hand of the Chinese Communist Party’s zero-Covid policy. It leads to one likely conclusion for investors now: Oil stocks are terribly overpriced and expensive, or the black gold is incredibly cheap. Many top strategists feel that triple-digit pricing could return by the spring of 2023.
While oil has fallen more than individual stocks, the discount to summer prices is still massive. So, we screened our 24/7 Wall St. energy research database looking for stocks that come with the biggest and most dependable dividends and are Buy rated by top Wall Street firms.
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