Camber Energy vs. PEDEVCO: Which Independent Oil and Gas Stock is a Better Buy?
StockNews
Published Oct 15, 2021 05:19PM ET
Updated Oct 15, 2021 06:00PM ET
Camber Energy vs. PEDEVCO: Which Independent Oil and Gas Stock is a Better Buy?
Camber Energy (CEI) and PEDEVCO (PED) are companies whose stocks have outperformed the broader market in 2021. However, they continue to trail the energy sector, which has made a stellar comeback this year. So, let’s try to analyze which, if either, of the stocks is poised to deliver outsized gains to investors over the long term. Read on.Energy-sector companies have made a strong comeback in 2021, following a disastrous prior year. The XLE (NYSE:XLE) ETF, which tracks the energy sector, is up more than 50% year to date compared to the S&P 500’s 19.5% returns.
Rising oil prices have fueled the sector’s recovery so far this year, and this trend is likely to continue in Q4. This backdrop should afford investors an opportunity to identify players that have the potential to derive outsized gains in the future.
So, let’s compare two small-cap stocks in the oil and gas sector, Camber Energy (CEI) and PEDEVCO (PED), to see which is a better investment now.
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