The oil and gas drilling sector had its turn last year
Do you happen to recall last summer when the oil and gas drillers and service companies had their share prices hit multi-year lows? Crude oil was under intense pressure (especially WTI) and North American natural gas and liquids prices were way down to multi-year lows and fear was trumping greed in the sector big time. Of course, when that happens, there is an overreaction and share prices receive overly harsh treatment from the market and end up being significantly oversold. When this occurs, it is precisely the time to wade into that particular sector and buy quality names.... when pessimism is at a very high level. For example, companies...
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