Despite the ongoing transition to renewable energy sources like solar and wind, oil and gas demand will likely continue. Due to rising energy needs, oil and gas demand is expected to grow, fueling the demand for energy services, including oilfield services, digital services, well construction activities, etc.
Given this backdrop, investors could consider buying fundamentally strong energy stocks Graham Corporation (GHM), Schlumberger Limited (SLB), and DNOW Inc. (DNOW). Before diving deeper into the fundamentals of these stocks, let’s understand what’s shaping the energy sector’s prospects.
