Garcia’s favourite stocks to play the higher energy prices


Garcia’s favourite stocks to play the higher energy prices | Invezz

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >


Wajeeh Khan

Jun 7, 2022

Courtney Garcia expects energy prices to keep up at least in the near term.

She picked two stocks to benefit from higher prices on CNBC’s “Closing Bell”.

SPDR S&P Oil & Gas Exploration & Production ETF is already up over 65% YTD.

The oil and gas companies have already had an unprecedented run up this year. Still, Courtney Garcia – Senior Wealth Advisor at Payne Capital Management – is convinced the energy stocks are not out of juice yet.

Buy Chevron to play the higher oil prices

Garcia says the Ukraine war could see oil prices as high as $150 a barrel and Chevron Corporation (NYSE: CVX) is a great pick to benefit from that. On CNBC’s “Closing Bell: Overtime”, she said:

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Chevron has a really strong balance sheet; really good cash flow. There’s a lot of money they’re expected to put back into the company, return to shareholders through repurchases. So, I think it’s a really good way you can play higher oil prices.

In April, Chevron reported a close to four-fold year-over-year increase in its Q1 profit. The stock is already up 50% versus the start of 2022.

Buy Pioneer to play the higher natural gas prices

To play the sharp surge in natural gas price that now stands over $9.0, Garcia recommends investing in Pioneer Natural Resources Co (NYSE: PXD), trading currently at its all-time high. She said:

Natural gas prices are expected to only go up, especially in the near-term. Clearly, inflation is here to stay. And Pioneer is a really good hedge in your portfolio so that if inflation does persist, you’re able to take advantage of that.

Garcia expects more demand to unlock once China comes out of the lockdown. Consequently, she added, energy prices will continue to move up.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,


75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Visit site

Energy & Power


North America

Stocks & Shares



Generated by Feedzy