FYI: Energy stocks have rarely been this unloved. Investors are missing out.
On the surface, the case for energy stocks has worsened in recent months as the escalating U.S.-China trade war and other geopolitical disruptions have heightened concerns about global growth and energy demand. A potential sign of recession called an inverted yield curve flashed just this past week, with the yield on the benchmark 10-year Treasury falling below 1.6%, less than the two-year note.
Underlying commodity prices haven’t done much to inspire investor confidence, either. U.S. oil prices have fallen to around $55 a barrel from an April high of $66. Natural gas has also been hit hard, down more than 25% this year, to the lowest level since 2016.
Regards,
Ted
https://www.barrons.com/articles/chevron-and-other-oil-and-gas-stocks-to-love-51566000196?mod=djem_b_Weekly Feed for Barrons Magazine
