If any sector has taken a beating this year, it is energy. Whether it is exploration and production companies, large integrated oils, oilfield services leaders or energy master limited partnerships, all have been hit hard. The curious item is that the price of oil has had a solid rise since last summer, up over 50%, and is trading at levels where many of the top companies are making solid profits.
Plus, current geopolitical risk in the Middle East has oil prices soaring, with the West Texas Intermediate over the $66 level Wednesday morning.8 Top Oil and Gas Stocks That Analysts Think Have Bottomed Out
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