3 Energy Stocks I Like Better Than Exxon
ExxonMobil (NYSE: XOM) is a behemoth in the oil patch. However, its massive size is part of the problem. Like a large ship, Exxon takes a lot of time to change course. It seems that by the time it adjusts to market conditions, they shift again. The company has accordingly struggled to grow its production and create shareholder value in recent years.
That's one of the many reasons I'm not a fan of Exxon, even though oil prices have rebounded in recent months. There are lots of energy stocks I like better, led by Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), Devon Energy (NYSE: DVN), and Enbridge (NYSE: ENB).
Image source: Getty Images.
Source Fool.com
