Oil has shot up to more than $100 per barrel, once again, and there are a number of ways for investors to profit. Below, Fool contributor Travis Hoium explains why he likes service providers more than explorers, and gives the names of five stocks that will benefit from high oil prices without taking high risk in the commodity itself.
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5 Stocks to Profit From $100 Oil
Service providers have attractive prospects as oil rises.
About the Author
Travis Hoium is a contributing Motley Fool Stock Market Analyst covering solar energy, technology, and growth stocks. Prior to The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a B.S. in Mechanical Engineering from The University of Minnesota and a M.B.A. from The Carlson School of Management at the University of Minnesota. When he’s not thinking about stocks, he spends time with his wife and three kids, and periodically competes in half-Ironman races.
Fool contributor Travis Hoium manages an account that owns shares of Seadrill. The Motley Fool recommends Halliburton and Seadrill. The Motley Fool owns shares of Seadrill and Transocean. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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