EOG Resources (EOG) Update - July 9

[dan_s]

3 Top Oil Stocks to Buy Right Now
These oil stocks look attractive, considering what seems to be ahead for the oil market.
Matthew DiLallo
Jul 9, 2020 at 10:13AM

This year has been brutal for the oil sector. Crude prices cratered more than 30% during the first half, which doesn't even describe the intense volatility as oil went negative before staging an epic rebound. This slump forced several oil companies to file for bankruptcy protection while putting many more on the brink.

However, as challenging as the oil market is these days, the global economy still runs on crude oil, and the oil market is already starting to bounce back. Three top oil stocks poised to benefit from this rebound are EOG Resources (NYSE:EOG), Enbridge (NYSE:ENB), and Magellan Midstream Partners (NYSE:MMP), making them top buys right now.

Read more: https://www.fool.com/investing/2020/07/ ... t-now.aspx