This year, oil companies are swimming in cash thanks to higher oil and gas prices. They could allocate this windfall in many ways, including drilling more wells, making acquisitions, retiring debt, paying dividends, and repurchasing shares.
Here are two ways to play the future of the energy industry, and one company that is tied way too closely to the past.
ConocoPhillips (COP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.