Wells Fargo Highlights Energy Stocks Amid Market Challenges
Wells Fargo analysts identify selective opportunities in the energy sector despite looming headwinds for oil markets. The bank's report emphasizes disciplined capital allocation as the key driver of returns, with refining operations positioned as a relative bright spot.
"Energy equities don't merely follow crude prices," notes analyst Sam Margolin, outlining a framework prioritizing dividend growth, balance sheet management, and project-specific advantages. This approach aims to deliver returns even during potential commodity price declines.