Oil Stocks: 3 Bold Predictions for 2020
Last year was a confounding one for the energy sector. Crude prices bounced back from their sell-off toward the end of 2018, with the U.S. oil benchmark, WTI, surging more than 34% on the year, closing above $61 a barrel. Energy stocks, however, meandered along. The average one in the Vanguard Energy ETF -- an exchange-traded fund that holds more than 140 energy stocks -- rose only about 6% on the year. That means my bold predictions for 2019 fell a bit short.
This year, however, feels as if it could finally be the energy sector's year. The industry has made lots of changes so that it can do a better job of creating value for investors. As such, I see big things ahead for the oil stocks in 2020.
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