Energy industry earnings beat analysts' estimates by 11% on aggregate in the fourth quarter, topping the average 2.6% in the S&P 500 Index so far. Halliburton Co. was one of the bright spots as North American shale producers led the rest of the world into an Oilfield recover. An explicit OPEC accord has placed a floor under oil prices, according to Bloomberg Intelligence. Crude Oil has doubled from its 2016 low, but is still half the price it was in 2014.
If the S&P continue to raise, maybe these are the companies to buy, or after a correction to look for buys firms in this sector.
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