By Jeff Clark in Growth Stock Wire:

We are approaching the best oil-stock buying opportunity of the year.

I know that sounds ridiculous. After all, the American Stock Exchange Oil Index is down 15% on the year. And Big Oil companies like ExxonMobil, Chevron, and ConocoPhillips are down 15% as well.

The price of oil, though, is 50% higher today than it was when it started 2009. So, what is the problem with the stocks?

Frankly, I don't know.

I wish I could tell you the oil stocks outperformed crude oil late last year and the sector rallied ahead of the commodity. But it didn't. Oil stocks bottomed with the overall stock market back in March.

Since then, the gains have been modest at best. At worst, they've vastly underperformed the remarkable rally in the price of crude oil itself. But that's about to change. My No. 1 oil stock indicator is about to turn bullish. Take a look...

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