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Earlier in the year, the prospect of a possible drop in oil prices seemed every supplier investor’s worst nightmare. It also seemed unlikely: bottlenecks abounded from the Strait of Hormuz to Venezuela, while agreements to increase output felt too protracted to be impactful. But now here we are, with oil prices having fallen off a cliff to leave investors deciding whether affected tickers are value opportunities or liabilities. The following duet of oil stocks are obvious choices for investment ahead of higher oil, which may come at some point next year should global affairs right themselves in a timely manner. An end to Sino-American trade tensions and a potential better-than-expected Brexit could combine with growth markets such as the new wave of electric vehicles and other boons to emerging economies to increase oil demand and drive up prices. Let’s see which two oil superstars of the TSX index you should stack now to beat a possible 2019 black gold rush. Suncor Energy (TSX:SU) (NYSE:SU) A positive one-year past earnings growth of 37.4% puts Suncor Energy ahead of some of its competitors, with a five-year average past earnings growth of 4.6% showing a lean half-decade (the industry only clocked in […]
