There’s no doubt it’s been a disappointing summer for energy stocks.
Energy stocks were the best-performing group in the S&P 500 from the March 23rd lows through the June 8th peak, soaring 96.5%. However, from June 8th through the present date, energy reversed course, falling about 22.9% compared to a return of just under 9% in the S&P 500.
And that’s despite the fact that oil prices have continued a steady drift higher all summer from around $38 in early June to approximately $43 today while natural gas prices have climbed steadily from a June 25th low under $1.50/MMBtu to above $2.60/MMBtu.
Part of energy’s underperformance is due to the market’s overwhelming preference for growth and technology stocks this summer.
In this week’s feature article, we’ll take a look at just how extreme the growth/value trend is these days and two key catalysts we’re watching that could catalyze serious sector rotation this summer.
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 Oct. 29, 2020
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.