9 Oil Stocks to Buy When Oil Prices Are Low - Yahoo News
There's value within the energy sector. Slowing global economic growth and demand concerns have WTI crude oil prices down more than 20% from a year ago. Oil investors were hoping for much higher prices in 2019 than the mid $50s per barrel, and the energy sector has once again lagged the market significantly this year. Bank of America analyst Doug Leggate recently lowered his oil price forecast for the second half of 2019 from $68 per barrel to $63, but Leggate says there are still plenty of value opportunities among oil stocks today. Here are nine oil stocks Leggate recommends. Exxon Mobil Corp. (ticker: XOM ) Leggate says Exxon has the strongest project pipeline of any oil major, including developments in Guyana and the U.S. Permian Basin. Exxon management has a five-year plan in place to double free cash flow by 2025. Leggate says investors can enjoy the stock's 4.5% dividend while they wait for that cash flow to come rolling in. Exxon is his top stock pick among oil ma