3 Top High-Yield Oil Stocks to Buy in September
CHRDChord Energy (CHRD) The Motley Fool·2024-09-07 15:35

The market is being too pessimistic over oil companies with assets in the Bakken oil field. There's a major fault line running through the U.S. oil and gas sector, and I'm not talking about geology here. Simply put, Devon Energy (DVN -1.76%), Vitesse Energy (VTS -1.18%), and Chord Energy (CHRD -2.20%) are trading on lowly valuations and colossal dividend yields because investors are pricing in Bakken oil field assets at a discount to other assets such as in the Permian Basin. However, all three stocks now t ...