3 Energy Stocks to Buy at the Bottom of the Cycle
While the oil market appeared to bottom out last spring, it hasn't bounced back as quickly as everyone expected. Crude prices rammed into a ceiling in the mid-$50s after shale drillers quickly ramped back up and unleashed a torrent of new production, causing oil to recoil backward. Because of that, many oil stocks are still selling at bargain basement prices as the market meanders along the bottom.
That said, given that oil is a cyclical industry, at some point it will bounce back, which could fuel big profits for investors who buy at today's prices. Three stocks that we think could deliver exceptional returns when that happens are Helmerich & Payne (NYSE: HP), Core Laboratories (NYSE: CLB), and ExxonMobil (NYSE: XOM).
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Source: Fool.com
Core Laboratories Inc. Stock
Our community is currently low on Core Laboratories Inc. with 0 Buy predictions and 3 Sell predictions.
With a target price of 15 € there is a slightly negative potential of -5.06% for Core Laboratories Inc. compared to the current price of 15.8 €.
