In this video, I’m going through 5 oil stocks that I believe are a smart buy in 2020. With oil prices plummeting in recent weeks, this means a lot of oil companies have had their profits and market valuations cut. I’ve done hours of research and these are the 5 companies that stand out most to me, in the oil industry.
We’ve seen price drops of up to 75% on some of these companies, showing that the oil industry has been hit hard by the decrease in travel and oil consumption. With oil supplies and production way too high, and not enough storage or demand, this is what has cause the price of crude oil to fall.
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This may present a special investing opportunity for many people, although it is risky. You need to be careful with companies that have seen a huge decrease in revenue and profits, as bankruptcy is always possible. These prices have priced in the possibility of bankruptcy so please be extra careful when investing in high risk high reward stocks like this.
Note – I may have an interest in some of these companies. My recommendations are just a suggestion – I encourage you to do your own research about each company and make a decision for yourself, whether or not you want to invest in that particular company.
Happy stock buying! Now could be a great time for you to start investing. With stocks on sale, you’ll get more value for your dollar than if you had invested earlier this year.
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Here are my 5 favorite dividend stocks for 2020: https://youtu.be/XvARPTeLOAQ
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