In the feature article of our last issue, “The View from $60 Plus Oil,” we outlined our constructive outlook for crude oil prices based on three primary drivers: Recovering global demand, continued supply discipline from OPEC+ and restrained growth from the US shale producers.
While front-month West Texas Intermediate futures prices pulled back as much as 12.6% from their closing highs in early March to their late March closing low, out outlook remains largely unchanged.
We view the recent commodity price pullback as normal volatility – trading noise – rather than the symptom of some deterioration in the fundamentals. Moreover, speculative long positions in the WTI and Brent futures market had become somewhat stretched in February:
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. 29, 2021
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.