Oil prices have recently dropped to under $20 per barrel– a price point the market has not seen since 2001. Naturally, some companies will not be able to make it through this as they need barrels to cost around $20-$30 more in order to be able to make ends meet.
That’s why I’m picking companies who have excess cash on hand with low debt-to-equity ratio. Click here to see the full segment and find out which specific names I’m choosing.
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