These 2 Oil Stocks Surged This Week, But 1 Still Looks Tempting
Shares of Halcon Resources (NYSE: HK) and Enbridge Energy Partners (NYSE: EEP) rallied sharply this week. Halcon Resources, a Permian Basin-focused shale driller, spiked on Thursday -- and was up more than 9% for the week -- after OPEC said it would extend its current production reduction agreement through the end of next year. Meanwhile, oil pipeline company Enbridge Energy Partners bounced nearly 17% for the week after unveiling its guidance for 2018 and beyond.
When stocks make big moves like that, it can be easy for investors to think they have missed out. However, after drilling down a bit deeper, it's clear that Enbridge Energy Partners still has plenty of fuel left in the tank to continue going higher.
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Source: Fool.com
