North American oil and gas stocks are well-positioned to profit from higher energy prices next year. Indeed, oil prices are now trading at their highest level in a month, with Brent crude trading near $80 as Omicron fears continue easing. The current year has been an annus mirabilis for energy investors thanks to high energy prices. Luckily, Wall Street remains largely bullish on the energy sector, with some analysts predicting even higher oil prices in 2022. Cenovus EnergyCanadian Oil Sands oil company Cenovus Energy (NYSE:CVE) develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region.

Source: The North Africa Journal December 30, 2021 12:05 UTC