© Reuters. Camber Energy vs. PEDEVCO: Which Independent Oil and Gas Stock is a Better Buy?
Camber Energy (CEI) and PEDEVCO (PED) are companies whose stocks have outperformed the broader market in 2021. However, they continue to trail the energy sector, which has made a stellar comeback this year. So, let’s try to analyze which, if either, of the stocks is poised to deliver outsized gains to investors over the long term. Read on.Energy-sector companies have made a strong comeback in 2021, following a disastrous prior year. The XLE (NYSE:) ETF, which tracks the energy sector, is up more than 50% year to date compared to the S&P 500’s 19.5% returns.
Rising oil prices have fueled the sector’s recovery so far this year, and this trend is likely to continue in Q4. This backdrop should afford investors an opportunity to identify players that have the potential to derive outsized gains in the future.
So, let’s compare two small-cap stocks in the oil and gas sector, Camber Energy (CEI) and PEDEVCO (PED), to see which is a better investment now.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment