Oil & Gas Stocks: Bull vs. Bear
Oil is aptly called black gold, considering the billions of dollars in profits it has generated for oil companies over the past several decades. With crude oil prices hovering above $95 per barrel, investors are wondering if oil and gas companies are ready to generate similar profits once again. More importantly, what would that mean for the stocks of these companies? The Energy Select Sector SPDR ETF (NYSEMKT: XLE), an ETF of top oil and gas stocks, has already risen roughly 40% in a year.
Two Foolish contributors share their thoughts about the future of oil and gas stocks.
Source Fool.com
