If you are going to invest in energy or any cyclical commodity business you have to get in the weeds. Watch management closely. If you are just bullish on oil (or coal or copper) in general then use futures to play it as tgerr is no risk of management squandering capital. I've been into energy for a while and the energy tourists are back…
If you are going to invest in energy or any cyclical commodity business you have to get in the weeds. Watch management closely. If you are just bullish on oil (or coal or copper) in general then use futures to play it as tgerr is no risk of management squandering capital. I've been into energy for a while and the energy tourists are back because it has been working. The key in these cyclical businesses is to invest your capital in companies that have proven ability to weather cyclical downturns. That and stay away from companies where govts have massive stakes or have gone ESG crazy.
If you are going to invest in energy or any cyclical commodity business you have to get in the weeds. Watch management closely. If you are just bullish on oil (or coal or copper) in general then use futures to play it as tgerr is no risk of management squandering capital. I've been into energy for a while and the energy tourists are back because it has been working. The key in these cyclical businesses is to invest your capital in companies that have proven ability to weather cyclical downturns. That and stay away from companies where govts have massive stakes or have gone ESG crazy.