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Best Oil Stocks To Watch For 2023

By Joe Hoppe

United Oil & Gas PLC shares fell Monday after it said it has lowered its full-year production guidance for the Abu Sennan license in Egypt, as the proportion of water to oil increased in one field.

Shares at 0714 GMT were down 0.48 pence, or 14%, at 2.85 pence.

The oil-and-gas company said it has lowered full-year guidance for the license to a range of 2,100-2,300 barrels of oil equivalent per day, from 2,500-2700 barrels.

The company said the ASH field–one of seven on the license–has had an increased proportion of water to oil being....More>>>

Best Oil Stocks For 2023

FuelCell Energy (NASDAQ:FCEL) has been a public company for roughly three decades. However, it has yet to find its footing, marked by negative top-line, bottom-line, and cash flow growth. Since the beginning of the year, its performance has been abysmal, with poor operating results in the first half. The third quarter should be more of the same, which will put more pressure on FCEL stock.

Source: Kaca Skokanova/Shutterstock

FCEL stock has shed more than 45% of its value since the beginning of the year. Its torrid performance is linked to its litigations with Posco Energy and....More>>>