Fidelity Contrafund manager Will Danoff is cautious about the energy sector (XLE), noting some...

|By:, SA News Editor

Fidelity Contrafund manager Will Danoff is cautious about the energy sector (XLE), noting some companies continue to chase growth at the expense of returns. The industry - which made a massive investment in shale gas, causing prices to collapse - is doing the same thing with shale oil, he says.