The 3 Best Energy Stocks to Own When (Not If) Energy Prices Fall Again
Energy prices rallied last quarter, with crude oil soaring about 30%, fueled by OPEC's intervention. While oil prices are higher right now, that won't always be the case. Oil prices are cyclical and tend to move down when demand delines and there's too much supply.
Since there's no telling when that might happen again, investors need to be prepared for the next downturn. Chevron (NYSE: CVX), Enbridge (NYSE: ENB), and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors for their ability to weather the inevitable decline. Here's why they think investors should own them before the next downturn.
Reuben Gregg Brewer (Chevron): While it's just a fact of life that oil and natural gas prices are volatile, there are different ways for companies to deal with that reality. Integrated energy giant Chevron has focused on making sure its balance sheet is strong. To put a number on that, its debt-to-equity ratio is currently around 0.15. Not only would that be a good number for any company in any industry, but it also happens to be the lowest among Chevron's closest peer group.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 23.14% compared to the current price of 145.36 € for Chevron Corp..
