Oil and gas stocks can hardly compete for news headlines with the wild volatility of GameStop and the soaring price of Tesla. Yet there is good news to report. Year-to-date oil and gas equities have outperformed the overall market. Relative to March 2020 – when the stocks were crushed – some public oil and gas names are now up 3 or 4 times.
This week, our guest Trent Boehm, Vice Chairman and Head of Energy Sales for STIFEL FirstEnergy, explains the equity markets.
Peter and Jackie asked Trent: The overall market seems to have COVID immunity, has the strong performance surprised you? What has driven the recent move up in oil and gas stocks? How do investors value oil and gas companies now? How do investors value clean energy companies? What about other natural resource stocks, like lithium, copper and other battery metals, how have they performed?
Read Peter’s recent commentary on the metal intensity of the energy transition “In With the New…and the Old Too.”
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