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How To Play 2021’s First Oil Rally
By Alex Kimani - Jan 06, 2021, 7:00 PM CST
Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a senseless price war between two of the largest producers; unprecedented destruction in energy demand and the inexorable march of the clean energy and ESG megatrends. Those factors worked in tandem to condemn the sector to another
annus horribilis where it, yet again, emerged as the worst-performing of the U.S.’ 11 market sectors. But the oil and gas sector is once again proving that it might be down but most definitely not out.