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3 Energy Stocks To Buy On The Dip

Over the last month, we have experienced a major selloff across nearly every asset class. The S&P 500 is down by 9.4%, while bonds are also down evidenced by the 6% drop in the iShares 20+ Yr Treasury Bond ETF (TLT). 

In the commodity complex, the picture is more mixed. Gold is down by 8%. There is also weakness in industrial metals with copper down by 15% and underperformance in steel and iron ore stocks. One exception is crude oil which is higher over the last month.

Crude oil’s strength is impressive given that China’s economy is shut down and speaks to its bullish fundamentals. When this returns, it could be the next catalyst for oil prices. Even with some increased recession concerns, travel demand and miles driven remain strong. On the supply side, companies continue to pay off debt or buy back shares rather than invest in new production. 

Until we see a meaningful response on the supply side, investors should continue buying the dip in energy stocks. Here are 3 to consider.

The post 3 Energy Stocks to Buy on the Dip originally appeared at StockNews.com.