Oil prices are surging — these eight stocks are still bargains for long-term investors

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020.

Even though the energy sector of the S&P 500
SPX,
+1.10%
is the only one to rise this year, investors seem still to be at an early stage of a lucrative multi-year…

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