Is Now The Time to Buy Oil Stocks? 4 Energy Investors Weigh In

Any time stocks across an industry are down significantly, investors should be asking whether it's a good time to buy. And oil industry stocks have been plunging in 2020.

So far this year, the SPDR Oil and Gas Exploration & Production ETF and the SPDR Oil and Gas Equipment & Services ETF -- good proxies for those sectors of the industry -- are down 50.5% and 67.9%, respectively. 

However, you shouldn't buy a stock just because it's down: you also want to see a decent chance of a turnaround. We asked four Motley Fool energy contributors a simple yes or no question: is this a good time to buy oil industry stocks? Luckily, they each replied with more than a yes or no answer. 

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