I’ve received a ton of emails the past few weeks asking me if I think the rally we’re seeing in the Energy sector is likely to continue… or fade away.
While the Federal Reserve initially told us that inflation is transitory, it’s proving to be fake news. If inflation was transitory, the Fed wouldn’t tell us every chance it gets that it might taper bond purchases next month.
It’s just not something that would happen if inflation was transitory, now would it?
So in this video, I thought I’d give you my two cents on the topic, and my top energy stock picks for fall 2021.
My 2 Top Energy Stock Picks for Fall 2021
Before we jump into today’s top energy stock picks for fall 2021, we need to keep in mind that higher inflation weakens the dollar.
That means it takes more money to buy commodities like oil.
The supply chain issues we’re seeing across the globe are certainly not helping, either. And with the world bouncing back from the dreaded delta variant, there’s a great chance we’re going to see a strong imbalance between supply and demand…
But this will cause energy stock to stay strong for the foreseeable future…
So it shouldn’t be any surprise that Diamondback Energy Inc. (Nasdaq: FANG) is my first of two top energy stock picks for fall 2021.
I’ve spoken about this pick before, but FANG is an oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves.
FANG’s one-year return is about 314%, and it has 18 strong buy recommendations!
I have a price target of $135 per share over the next three months if the strength in energy stocks continues into 2021, which is likely based on the current economic and geopolitical environments.
Check out my short video below to learn more about FANG and the next top energy stock pick for fall 2021 on my list.
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