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5 Best Stocks to Play a Spike in Oil Prices

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It has been rough sledding for oil stocks so far in 2017. There were some signs of optimism last year — at least for those companies able to survive the oil bust that began in late 2014. But fears of ramped-up production in U.S. shale plays has pressured oil prices — and oil stocks.

Year-to-date, WTI spot crude prices are down about 14%. The SPDR S&P Oil & Gas Explore & Prod. (ETF) (XOP) is down a whopping 24% in 2017. The sector received a modest bump in late June, as oil prices gained for eight straight days. But those gains have almost totally reversed.

With oil still below $50, many investors might choose to ignore the space entirely. But there could be a contrarian opportunity here — if oil prices cooperate. Obviously, that is a big if, and as always oil stocks — whether producers or equipment suppliers — generally are high risk.

But they can be high reward as well. For investors looking to time the bottom in oil, here are five of the best stocks to play a spike in oil prices.

Prices and data are from the original InvestorPlace story published on July 12, 2017. Click on ticker-symbol links in each slide for current prices and more.

SEE ALSO FROM KIPLINGER: 25 Dividend Stocks You Can Buy and Hold Forever

This slide show is from InvestorPlace, not the Kiplinger editorial staff.

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