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As the U.S. economic recovery continues with the recent approval by the Senate of a large infrastructure spending bill, provisions for the development of the energy sector should facilitate the industry’s long-term growth despite short-term headwinds.
Given this backdrop, Wall Street analysts predict energy stocks Suncor Energy Inc. (NYSE:SU), Ovintiv Inc. (OVV), PDC Energy, Inc. (PDCE), and Matador Resources Company (MTDR) will rally by more than 50% in the coming months.
