Since 2020, the energy sector has seen strong growth and was one of the top performers during the first half 2021. Analysts expect that the price and oil rises will continue in the future. This should ensure the sector’s continued success. We believe small-cap stocks CONSOL, (CEIX), and SilverBow (SBOW) have been generating significant momentum recently and are expected to maintain their progress in the immediate term. Let’s get to the point. The energy sector began to pick up momentum late in 2020. And the sector ended the second quarter of 2021 as the S&P 500’s best performer with a staggering 45.6% gain. This impressive momentum is not slowing down.
The benchmark U.S. crude oil price, West Texas Intermediate, topped $80 per barrel last week, marking a shift in supply and demand. The record-breaking natural gas prices have also fueled a strong oil price rise. Analysts predict that the supply gap will continue to push oil prices up to $100 per barrel. The Department of Energy also stated recently that there are no plans for easing the current price surge. Recent industry trends are motivating investors into investing in energy stocks.
We believe that the momentum in price is unlikely to stop anytime soon. Therefore, CONSOL (NYSE:) and other small-cap stocks are hot. SilverBow Resources, Inc., Inc. (NYSE) are both trading well above their 200-day and 50-day moving averages. They could make solid investments right now.
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