3 Oil Stocks With Good Upside And 3 To Avoid

The valuations of energy stocks have declined at one of their fastest clips this year thanks to a stubborn supply overhang, a price war, and massive demand destruction due to the Covid-19 crisis. Whereas oil prices have staged a nice rebound from their historical lows after OPEC+ supply cuts and a gradual reopening of economies across the globe, a painfully slow recovery coupled with a resurgence of Covid-19 cases has dulled near-term prospects for energy demand, capped oil prices and left many energy stocks still selling at massive discounts to…