As oil prices have rallied more than 40 percent this year, analysts and institutional investors have grown increasingly bullish on oil stocks, which, many believe, are still undervalued and primed for further upside. Earlier this week, U.S. oil prices hit their highest level in more than six years, before retreating amid an OPEC+ meeting deadlock that led to a bit of volatility. But the year’s rally so far still could enable U.S. oil firms to improve returns and pay down debts, considering that they are still cautious in spending…
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