It’s Not Too Late to Jump on the Energy Bull Market

[ETF Daily News]( September 25th, 2023 SPONSORED AD [5 Stocks to Buy Immediately]( Luke Lango is one of America's leading tech investors. He's found 14 stocks that have gone up more than 1,000% - including NIO for 3,353%, AMD for 6,149%, and Chegg for 2,554%. Now he's revealing his top 5 stocks for the AI Revolution, starting under $2 a share. [Click here to download this list for free.]( [It’s Not Too Late to Jump on the Energy Bull Market]( In June, West Texas Intermediate (WTI) crude oil traded in the mid-$60s. Three months later, it’s pushing $95 per barrel, with market expectations that it will soon be above $100. Due to the lag between business results and the quarterly earnings reports, it’s not too late to jump on some energy stocks for their upcoming gains… Oil and gas exploration-focused companies, also called energy upstream, benefit most from higher crude oil prices. The cost to produce a barrel of oil is relatively stable, so every dollar increase in the price of oil drops straight to the bottom line. The E&P companies will report massive profit increases when third-quarter earnings come out. The timing will help this quarter’s results. WTI oil declined for most of the second quarter, so the results from that quarter looked disappointing compared to Q1. The price of oil started to rise during the last two weeks of June and has steadily increased throughout the third quarter. I see a lot of energy stock analysis focusing on previous earnings results. Since energy commodity prices greatly influence profits, what happened last quarter has little relevance to how the third-quarter results will look. Investors will be surprised when those results start coming out in late October. Upstream company stock prices have been rising, but not enough to keep up with the profits the higher prices will bring. The third quarter earnings season in the energy patch will be filled with positive surprises. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) lets you invest in the energy subsector if you are looking for a packaged product. The ETF includes many… Continue reading at [INVESTORSALLEY.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019