Our Top 3 Energy Stocks for October
Apart from OPEC cuts, cheap American shale production continues to grow the market for natural gas. Today, the U.S. produces and consumes more gas than ever before.
Due to excess supply, exports are on the rise. Last year, exports increased 17.8% to 1,783 Bcf, with 1,054 Bcf going by pipeline to Mexico, about 700 Bcf to Eastern Canada, and 28 Bcf by LNG tanker.
On the renewable energy side, growth continues to be rampant.
The U.S. Energy Information Administration now projects that U.S. electricity generation from renewable sources will increase 9.5% in 2016 and 5.8% in 2017.
What should you do with all of this information?
At InvestorGuide, we've put together a list of our writer's best energy stocks for October—all of which look to capitalize on the trends listed above.
With oil on the rise, shares could be worth a look.
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Published on Oct 10, 2016By Ryan Vanzo