Will Oil Tanker Stocks Come Back to Earth?
The autumn surge in tanker stocks has the look of a boom-and-bust cycle that can leave unaware investors holding the bag if they're not careful. But there's also a fundamental improvement in the market that's driving these energy stocks higher, which could be bullish for the industry long term. Balancing bullish fundamentals with trader speculation can be tough for investors, especially when the market is hot.
Amid the rapid rise in tanker stocks, here's why I think caution is still the best approach to this industry.
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Source Fool.com
