Oil stocks have been popular with investors for decades. Here is what you need to know about investing in oil stocks in 2017. The oil industry was devastated in the last two years, however there are many good signs for the oil rally of 2017. Weak oil prices and market uncertainty have caused about 100 oil and gas companies to declare bankruptcy over the last two years. Oil prices bottomed out in 2016 and since January of that year there has been a significant rally in oil prices. There may be a significant opportunity here for investors looking to take advantage of the oil stocks that have potential to grow in 2017. MY EBOOK! http://www.ryanoscribner.com/stock-trading Here is the problem. There has been a persistent oversupply of oil on the market over the last few years. The increase in supply drove the price to unheard of levels. Many oil and gas companies were only profitable with triple digit oil prices and when oil fell under $30 a barrel, they could not make a profit. There is a solution to this, and it is already in place. OPEC, the organization of the petroleum exporting countries, agreed to cut combined oil output by 1.2 million barrels a day as of November 2016. The countries exporting oil outside of OPEC also agreed to cut their outputs by 558,000 barrels a day. This will drain the significant oversupply of oil currently on the market in supply stockpiles. Rebalance The Market, Stabilize Oil Prices. Unless demand falls sharply in 2017, this should be a much better year for oil prices. There are five companies I recommend investing in to take advantage of this potential oil rally. All of these companies have scaled back and become profitable at a much lower price per barrel. Here are the oil stocks I would keep an eye on: 1. ConocoPhillips (NYSE COP) 2. National Oilwell Varco (NYSE NOV) 3. EOG Resources (NYSE EOG) 4. Enbridge (NYSE ENB) 5. Core Labs (NYSE CLB) If you are investing in oil stocks, these are the ones to keep an eye on. I explain the reasons in this video. These oil companies are running lean right now as operating costs were slashed. This has come down to a survival of the fittest. The oil companies that have survived at these historically low prices will thrive when oil stabilizes at a higher price. Website http://www.ryanoscribner.com Follow me on Twitter! https://twitter.com/RyanOScribner Facebook! https://www.facebook.com/ryanoscribner/ Personal Fitness Coaching http://www.ryanoscribner.com/shop Related Videos: 44 TIP: How to Invest in Oil (Commodities Trading 101) https://www.youtube.com/watch?v=pe2_ZxL0odQ Q&A When is a Good Time to Invest In Oil and Gas Companies? https://www.youtube.com/watch?v=NwCVGkxelI0 Related Articles: Why 2017 Is the Year to Invest in Oil Stocks https://www.fool.com/investing/2016/12/27/why-2017-is-the-year-to-invest-in-oil-stocks.aspx Four Ways To Invest In The Eventual Rise In Oil Prices https://www.forbes.com/sites/ryanwibberley/2016/01/26/four-ways-to-invest-in-the-eventual-rise-in-oil-prices/#57828e8c324d How can I buy oil as an investment? http://www.investopedia.com/ask/answers/08/oil-as-investment.asp If this video brought value to you, please leave a like! If you are looking to find out more about anything I discussed, drop me a comment or contact me on Twitter. Subscribe to be updated on my journey through life! About Me: My name is Ryan Scribner. I am a nutrition and fitness crusader and I consider myself to be a life student of personal development. I am also an investor. I went from being an overweight college student to living at 8% body fat. About two years ago when I started weight lifting, I was completely clueless. I never played sports in high school and I had no base level of fitness established. I made many mistakes, but over time I developed an understanding. I want to help others develop the body, spirit and mind they deserve. In making mistakes along the way and learning from scratch, I have a lot of value to bring to the table. I recommend my content to those interested in the accumulation of wealth, fitness and nutrition as well as personal growth and development. Recently, I made my own happiness a priority after living with depression for over a year. I want to share with you exactly what I did to get to a state of perpetual lasting happiness. I have also spent a great deal of time learning about investment and wealth accumulation. While money alone doesn't bring happiness, it allows you to experience many things which do bring happiness. Start the journey. Involve the right mentors and coaches. Learn.
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