On Sept. 14, two major oil sites in Saudi Arabia were attacked, leading to a 5% loss in the supply of crude across the globe. This has obviously also affected the stock prices of oil and gas companies. A rise in the price of oil should generally benefit these businesses, but buying a stock when it's at the top is not a good decision. That's why you need to identify companies that are not solely engaged in production. Here are two stocks that are ideal for the long term.
The table below shows both stocks' movement over the past month.
Image Source: YCharts
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Source: Motley Fool
(September 27, 2019 - 12:06 PM EDT)
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