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Author Bio
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master s in finance and has worked as a financial consultant. When she isn t writing, she can be found traveling to a new city or country.
Oil prices tumbled at the beginning of 2020 and remained weak for the rest of the year. As a result, all major oil and gas companies took a big hit, with
Royal Dutch Shell and
BP forced to slash their dividends. Oil was written off as dead by many, and investors poured funds into renewable energy stocks, resulting in their sky-high valuations.