In the December 19, 2018 issue of Energy & Income Advisor “Oil: It’s Not 2014,” we took a deep-dive look at the global oil market and came to the following conclusion:
“While it’s tough to catch the proverbial falling knife or call an exact bottom in crude, we believe oil is approaching a crucial bottom and will recover into the first half of 2019. Specifically, we could see Brent rallying back over $70/bbl and WTI reaching the mid $60’s by the second quarter of 2019.
Longer term, we continue to believe the global oil market has a supply problem. The total lack of investment in new long-cycle supplies – large deepwater and international oil field projects – over the past few years will ultimately lead to an air pocket of supply and a spike in oil prices.”
— Oil: It’s Not 2014 Energy & Income Advisor December 19, 2018
At the time, our bullish call on oil prices was decidedly out of consensus — West Texas Intermediate (WTI) crude oil prices had fallen from early October highs near $77 to close on December 19th at $47.20/bbl while Brent fell from $86.74/bbl to close at $57.24.
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Jul. 1, 2019
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.