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This is a very well written article. Discusses the pros and cons of the energy market. It’s curious that the article is dated December 24. Oil (the commodity) has been moving higher for at least a month. Brent is leading NYMEX and topped-out at around $68 today. Was under $50 early in the year.
The refiners should have followed oil higher. The closest thing I own (to refiners) is PRNEX. It’s a natural resources fund, but traditionally keeps a heavy footprint in energy. Here’s the top holdings (from Morningstar):
Total SA Linde PLC Bp Plc, London Air Products & Chemicals Inc NextEra Energy Inc TC Energy Corp EOG Resources Inc Concho Resources Inc ConocoPhillips RPM International Inc
With today’s .32% gain, PRNEX is now up close to 17% YTD. Most years that would be considered a nice return. However, with 30% & 40% gains in some other sectors, a mere 17% this year receives little respect.
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The refiners should have followed oil higher. The closest thing I own (to refiners) is PRNEX. It’s a natural resources fund, but traditionally keeps a heavy footprint in energy. Here’s the top holdings (from Morningstar):
Total SA
Linde PLC
Bp Plc, London
Air Products & Chemicals Inc
NextEra Energy Inc
TC Energy Corp
EOG Resources Inc
Concho Resources Inc
ConocoPhillips
RPM International Inc
With today’s .32% gain, PRNEX is now up close to 17% YTD. Most years that would be considered a nice return. However, with 30% & 40% gains in some other sectors, a mere 17% this year receives little respect.