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According to a U.S. offshore regulator, discussions are underway to overturn the federal oil and gas leasing moratorium imposed earlier this year. Furthermore, impressive second-quarter earnings reported by the energy sector and increasing dividend distributions to the shareholders have fostered a positive outlook for the industry.
Therefore, we think it could be wise to bet on energy stocks TotalEnergies SE (TTE), ConocoPhillips (COP), and National Fuel Gas Company (NYSE:NFG) to cash in on the industry tailwinds.
