With October now underway, there isn’t one single way to play the energy sector, but that’s not new. There have always been different tactics for investing in this volatile niche of Wall Street. The question is, which tactic is right for you?
Here are three of the top energy stocks to consider as you try to answer that query: Devon Energy (NYSE: DVN), Chevron (NYSE: CVX), and Enbridge (NYSE: ENB). Let’s see what makes them potential investments this month.
1. Devon Energy is like jumping in with both feet
Devon Energy operates exclusively in the upstream segment of the energy sector. That means that it produces oil and natural gas. There are very big implications in this focus, the most notable being that Devon’s top and bottom lines are almost entirely dependent on the price of the commodities it sells. Don’t underestimate how much effect this can have on the company’s stock price,…
