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Investors search for bargains in energy sector minefield
"There is so much value there," said Hugo Rogers, chief investment officer at private bank Deltec International Group. Energy stocks have consistently underperformed over the last decade, even as U.S. crude oil production reached an all-time high of nearly 13 million barrels per day. A worldwide economic slowdown caused by the coronavirus pandemic further pounded oil prices that were already in decline after top exporter Saudi Arabia and its allies flooded the market with record levels of supply.
https://finance.yahoo.com/news/investors-search-bargains-energy-sector-085924779.html?.tsrc=rss
"There is so much value there," said Hugo Rogers, chief investment officer at private bank Deltec International Group. Energy stocks have consistently underperformed over the last decade, even as U.S. crude oil production reached an all-time high of nearly 13 million barrels per day. A worldwide economic slowdown caused by the coronavirus pandemic further pounded oil prices that were already in decline after top exporter Saudi Arabia and its allies flooded the market with record levels of supply.
https://finance.yahoo.com/news/investors-search-bargains-energy-sector-085924779.html?.tsrc=rss
