The Only Oil Stocks To Buy Before Summer

Keith Kohl

Written By Keith Kohl

Updated May 15, 2024

I know I wasn’t the only one thinking about which oil stocks to buy over the weekend. 

The moment Iran announced on Saturday that it had launched hundreds of drones and missiles at Israel, I’ll bet more than a few of you quickly checked the price of crude too.

Don’t worry, I can’t blame you for that kind of reaction. Considering it was the first time that Iran had directly attacked Israel, the fear of escalation had reached a peak in the media. 

But here’s the thing…

NOBODY expected the oil market to shrug off this kind of unprecedented strike the way it did. 

I certainly was among those that were waiting for a huge price spike as the drones slowly made their way through Iraqi airspace. The attack included more than 120 ballistic missiles, 170 drones, and more than 30 cruise missiles. 


“This was it,” I thought at the time. 

And then it wasn’t… so let’s dissect what happened.

There’s a reason why we say that hindsight is 20/20. 

Looking back, it should have been clear that the chances of Iran conducting a milquetoast response to Israel’s strike on its consulate in Syria were high. The world has been waiting for this response for two weeks at this point. And honestly, if Iran had not responded it would have made them look weak. 

And while the size of the strike and sheer number of missiles and drones launched is scary to us to think about, 99% of them were shot down by the U.S., UK, or Israel’s Iron Dome defense system. 

Given the fact that they had several days warning to prepare, or that Iran had consulted the Saudis prior to the attack, should have been an indication that Iran was trying to conduct an appropriate and proportional response. 

Of course, that didn’t stop the media hype machine from doing what they do best in today’s clickbait environment. It wasn’t long before we were reading about how the Strait of Hormuz would be closed, or an all-out war in the Middle East — even after Iran had stated its “defensive” operations had ceased!

That’s why Brent is still trading around $90 per barrel today. 

Now you should be asking yourself, “If a muted response by Iran isn’t going to push oil higher… what is?”

The Oil Stocks to Buy Before Summer

Even though Iran’s response didn’t move the dial on oil prices like Russia’s invasion into Ukraine did in 2022, that doesn’t mean we aren’t in for a bumpy ride this summer. 

In fact, I’m even more convinced we’ll see a bullish oil market this summer — and it has nothing to do with Iran. 

Forget about the Strait of Hormuz closing, it’ll never happen; that’s a bluff that Iran has been threatening for decades. Remember, Iran has just as much to lose as anyone else from disrupted traffic. 

Such an event would draw the ire and wrath of OPEC members that are too busy making money hand-over-fist. 

The worst thing that could happen would be a sudden price spike for oil prices.

Think about it…

If crude suddenly surged higher, it would have a detrimental effect on demand. The last thing OPEC wants right now is to mess with the stronger-than-expected demand growth we’re seeing. 

Even the world’s most bearish oil agencies are being forced to admit that global oil markets are undersupplied. Like I said before, those oil delusions cannot be ignored any longer. 

And THAT’S what makes the oil stocks in your portfolio — the ones like this hidden Permian gem — so valuable going forward. You see, not only are they profitable targets for individual investors like us, but it feels like it’s only a matter of time before the next wave of buyouts takes place. 

Until next time,

Keith Kohl Signature

Keith Kohl

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A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.

For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.

Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter.

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