It's Time To Get Greedy In The Energy Sector, Part Tres

Aug. 03, 2022 10:45 PM ETUSO, UNG, UGAZF, UCO, DGAZ, BNO, SCO, BOIL, USL, DBO, UGA, KOLD, USOI, NRGU, UNL, OILK, OLEM, DBE, OILX, NRGD, GAZ, GRNTF, USAI, RJN, FUE, NRGO, NRGZ, YGRN, JJE, JJETF, UBN, VDE, VENAX, VITAX, OLOXF, XLE, IYE, OIH, IXC, RYE, PXI, FXN, FCG, PSCE, FILL, FRAK, FENY, JHME, FTXN, HDRO, SOLR, CNRG, PXE, PXJ, IEO, IEZ, XES, XOP, CRAK10 Comments
Jesse Felder profile picture
Jesse Felder
4.19K Followers

Summary

  • It’s hard to believe that even after dramatically outperforming the broad stock market for almost two years now, energy stocks still trade at a massive discount.
  • In that context, however, it’s not hard to understand why executives in the sector have been, and still remain, such avid buyers of their own shares.
  • They’re simply doing what Warren Buffett famously recommended by getting greedy as retail investors once again get fearful.

World Economic Recession of Oil and Gas Industrial Sector From Coronavirus Covid-19, Global Stock Investment Downturn of Fuel Energy Oil/Gas Industry. Corona Virus Epidemic Crisis, Financial Economy

12963734

It’s hard to believe that even after dramatically outperforming the broad stock market for almost two years now, energy stocks still trade at a massive discount.

In that context, however, it’s not hard to understand why executives in the sector have been, and still remain, such avid buyers of their own shares.

They’re simply doing what Warren Buffett famously recommended by getting greedy as retail investors once again get fearful.

Of course, Mr. Buffett, himself, is demonstrating how he puts his famous saying into practice.

Clearly, he doesn’t suffer from the same failure of imagination that retail investors currently do.

Original Post

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

This article was written by

Jesse Felder profile picture
4.19K Followers
Jesse has been managing money for over 20 years. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Today he lives in Bend, Oregon and publishes The Felder Report.

Recommended For You

Comments (10)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.