The energy sector and related exchange traded funds could find renewed support from large money funds and institutional investors as many who previously shunned dirty fossil fuels on pressure from climate change activism are now taking a second look.
The energy sector has been flourishing while the rest of the stock market has been languishing amid inflationary pressures, causing the Direxion Daily Energy Bull 3X Shares (ERX) to rise over 100% this year.
Forum Energy Technologies, Inc. (NYSE:NYSE:FET) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Lyle Williams – Chief Financial Officer Neal Lux – President.
The Biden administration’s perceived hostility toward US oil presents a meaningful, under-appreciated risk that will constrain investor support for more substantial medium-term growth.