BP - A Focus On Energy: Chevron Is Paying A Fair Price For Anadarko

A 60:40 allocation to passive long-only equities and bonds has been a great proposition for the last 35 years …We are profoundly worried that this could be a risky allocation over the next 10.
—Sanford C. Bernstein & Company analysts, January 2017

Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
—Sir John Templeton

Life and investing are long ballgames.
—Julian Robertson

Introduction

I have been writing a lot about the energy sector lately, with three recent public Seeking Alpha articles published, and a lot more private research

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