Is investing in oil stocks a good move this year? If yes, then which companies should you be looking at? Oil producers, oilfield service companies, equipment firms? The fact of the matter is that the oil industry still has a strong future. Oil producing nations have all been maintaining compliance and reducing their oil output as per OPEC stipulations, and though this has not achieved as much of a change in oil prices as expected and thus the oil market is rather dull at the moment. However, the moment when oil goes up will happen, and in the meantime, picking up shares in oil companies, be it of companies that produce oil, or support the sector through their oilfield products or by offering related services, is a good investment for anyone looking for an opportunity in the market.

It is important to do research and read up on the myriad companies out there, and also to keep in mind that the boom may take some time to manifest itself, so investing in stocks in oil companies is a likely longer-term investment. With the US oil and gas production coming to the fore again and increasing, and many idle rigs being back on the line and powering up, there will be a need for equipment which means that product companies that supply rigging equipment, pipes, valves, drilling and completion tools and more are a good investment to make, alongside companies that are in the oil refining space, as well as energy-related chemical corporations, and companies that are offering oilfield services.

Here’s a list of the buzzy companies at the moment.
Suncor Energy Inc. (NYSE: SU)
ONEOK Inc. (NYSE: OKE)
Enterprise Products Partners L.P. (NYSE: EPD)
Core Laboratories N.V. (NYSE: CLB)
National Oilwell Varco: (NYSE: NOV)
Chevron Corp.: (NYSE: CVX)
Halliburton Co. (NYSE: HAL)
Forum Energy Technologies Inc. (NYSE: FET)
Kinder Morgan Inc. (NYSE: KMI)
Fairmont Santrol Holdings Inc. (NYSE: FMSA)
Magellan Midstream Partners, L.P. (NYSE: MMP)
Pioneer Oil & Gas (NYSE: POGS)
Continental Resources, Inc. (NYSE: CLR)
Cimarex Energy Co. (NYSE: XEC)
Gulfport Energy Corp. (NYSE: GPOR)
Range Resources Corp (NYSE: RRC)
Devon Energy Corp (NYSE: DVN)
Anadarko Petroleum Corp. (NYSE: APC)
Diamond Back Energy Inc. (NYSE: FANG)
Hess Corp. (NYSE: HES)
Occidental Petroleum Corp. (NYSE: OXY)
Resolute Energy Corp. (NYSE: REN)
PDC Energy Inc. (NYSE: PDCE)
Flotek Industries Inc. (NYSE: FTK)
Callon Petroleum Co. (NYSE: CPE)
Nabors Industries Ltd. (NYSE: NBR)
Schlumberger Ltd. (NYSE: SLB)