Crude oil prices and the broader stock market started out 2020 with a bang – the S&P 500 reached an all-time closing high of 3,329.62 on January 17th while West Texas Intermediate (WTI) oil prices jumped to $63.27/bbl on January 6, 2020 surpassing the highs set in September immediately following attacks on Saudi Arabian oil infrastructure.
As is so often the case, there have been plenty of pundits out there citing market risks over the past few months including a still-shaky global economy, high stock market valuations and an overbought stock market; yet, the event that’s actually precipitated market downside came out of left field in the form of a virus outbreak in China.
While reports of a new virus first emerged at the end of 2019, the market began to take notice much later on, starting around Monday January 20th as the frequency of news stories mentioning the words “coronavirus” and “Wuhan” exploded:
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.