This post was originally published on this site
Given the resurgence of COVID-19 cases and rising inflation, many analysts expect the stock market to remain under pressure in the near term. Consequently, large-cap energy stocks, which are currently trading at expensive valuations, might witness a price decline.
Also, because the market has entered a historically tricky trading period, we think it could be wise to bet on low-priced energy stocks Archrock, Inc. (AROC), VAALCO Energy, Inc. (EGY), Amplify Energy Corp. (AMPY), and Geospace Technologies Corporation (GEOS) that are well-positioned to capitalize on the rising oil prices. Currently, trading at or below $10, we think these stocks have the potential to deliver significant returns in the coming months.
