It’s been a wild ride for oil prices in 2020; however, with the supply-demand picture now becoming clearer, the outlook looks increasingly constructive.
On the demand side, the recovery in the US economy appears to be proceeding faster than we anticipated.
In the last issue of Energy & Income Advisor, “Time to Buy Refiners, Selectively,” we highlighted the Federal Reserve Bank of Dallas Social Distancing Index.
Since that issue was published the Dallas Fed has renamed the index the Mobility and Engagement Index and has reversed the sign to be more intuitive – in the new index series plotted in the chart above, the lower the reading, the less mobility in the economy.
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. 27, 2022