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The energy sector took its fair share of lumps during the previous year. Demand for oil and gas plummeted as the COVID-19 pandemic forced new restrictions and shutdowns across the globe. Moreover, oil prices were also negatively impacted by infighting within OPEC. Energy stocks have bounced back nicely in early 2021. Sentiment for the oil and gas sector has improved on the back of a global economic rebound. Today, I want to look at the three best energy stocks to buy as favourable trends re-emerge for this sector. This super energy stock is surging Earlier this week, I’d looked at two heavyweight energy stocks that were on my radar. Suncor Energy (TSX:SU) (NYSE:SU) was one of the two energy stocks I’d suggested investors should snag this week. Its shares have climbed 16% month-over-month as of early afternoon trading on February 26. The stock is still down 32% in the year-over-year period. Suncor released its fourth quarter and full year 2020 results on February 3. The company delivered a loss in Q4 2020 due to lower revenues and write downs. Still, things are looking up for Suncor and its peers. This energy stock last possessed a favourable price-to-book value of […]
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