Energy Stocks - The Perfect Storm of Constraints

When we had negative oil prices nd the souties were pumping, that was the point at which the constraints trade started to kick in. What that means for the stocks that are constrained is they must offer the prospect of higher returns in or to induce investors to buy them. And usually what that means is a lower starting point. We've done a lot of work sort of looking at things that have gott bombed out, down, 60, 80, 90 %. I mean, energy, my goodness, one of our favorite stats was just the percentage that used to be of the s m p. It got up to darnnear, i think, a third at one point certainly over

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.