Q. What development from 2020 will have the greatest impact on energy returns in 2021?
EG: The big oil collapse in Q2 2020 is the key development this year that’s completely reset the supply equation for 2021 and beyond. It’s important to remember that about a year ago in early 2020, Brent and West Texas Intermediate (WTI) oil prices were trading in the high $60’s and low $60’s/bbl respectively. In April, WTI collapsed to negative prices while Brent broke below $20/bbl for the first time since early 2002. Of course, in the short-run, the biggest impact from COVID-19 –the impact was actually from government mandates and movement restrictions to “contain” the virus – was on the demand side.
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 Jun. 29, 2022
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.