Rising oil & gas prices due to growing demand and a supply shortage are expected to continue driving the oil & gas industry’s growth in the coming months. Thus, oil & gas stocks Camber (CEI) and SilverBow (SBOW) should benefit. But which of these stocks is a better buy now? Read more to find out.Camber Energy, Inc. (CEI) is a Houston, Tex.-based independent oil and natural gas company that acquires, develops, and sells crude oil, natural gas, and natural gas liquids in the Cline shale and upper Wolfberry shale Glasscock County, Texas. In comparison, SilverBow Resources, Inc. (NYSE:SBOW). which is also a Houston-based oil and gas company, acquires and develops assets in the Eagle Ford shale located in South Texas.
Oil & gas prices have gained significantly in the first half of the year. Despite rising COVID-19 cases threatening oil demand, which led to a decline in prices for a short period, oil prices are on the rise. They climbed significantly last week due to the concerns over a supply crunch amid the steady demand. Also, natural gas prices are expected to continue to rise, especially during the winter months. Therefore, oil & gas companies CEI and SBOW should benefit.
SBOW has gained 165.2% in price over the past six months, while CEI has returned 17.8% over the period. Also, SBOW’s 322% gains year-to-date compare with CEI’s 64.6% returns. In terms of the past year’s performance, SBOW is the clear winner with 422.4% gains versus CEI’s 221.4%.