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 May. 25, 2022
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