Exxon, Diamondback, and Coterra Stock Could Proceed to Rally

U.S. energy stocks outperformed every other sector out there in 2021 and 2022. That sets up a key test this 12 months of the industry’s endurance. Not since 2010 has energy outperformed the broader market three years in a row.

Mizuho analyst Nitin Kumar expects fossil fuels to three-peat. Recent trends have been positive; despite a drop in oil prices, the stocks are holding up. Kumar initiated coverage on oil and gas with a generally positive outlook, together with some key advice for investors. His top stock picks, rated at Buy, include


Exxon


Mobil (ticker: XOM),


Diamondback Energy


(FANG), and


Coterra


(CTRA).

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