The oil and gas sector provided investors stellar returns in 2022 when the rest of the market failed to perform.
The S & P Oil & Gas Exploration & Production Index was up 45% last year.
Analysts and fund managers say several key factors may push up oil prices in the near future.
Earthstone Energy Shares of Earthstone , a Texas-headquartered independent oil and gas company, are expected to go up by 85.8% by analysts over the next year.
Meanwhile, the benchmark S & P Oil & Gas Exploration & Production Index has risen by 3% over the same period.