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Oil & gas prices have gained significantly in the first half of the year. Despite rising COVID-19 cases threatening oil demand, which led to a decline in prices for a short period, oil prices are on the rise. They climbed significantly last week due to the concerns over a supply crunch amid the steady demand. Also, natural gas prices are expected to continue to rise, especially during the winter months. Therefore, oil & gas companies CEI and SBOW should benefit.
SBOW has gained 165.2% in price over the past six months, while CEI has returned 17.8% over the period. Also, SBOW’s 322% gains year-to-date compare with CEI’s 64.6% returns. In terms of the past year’s performance, SBOW is the clear winner with 422.4% gains versus CEI’s 221.4%.
