Newbie here but I'll weigh in. "Energy" is a pretty broad sector but if you're thinking oil, I think it's headed lower for awhile longer. Saudi's haven't hinted at cutting production. Iran is coming on line. US production still is high. Supposedly there's a storage capacity problem. Seems it will be hard for the price to stay supported with so many forces digging away at it. Even so, some of the global 'name' oil/gas companies are paying dividends in excess of 6%. That's pretty hard to resist.
|