EQNR - Buy The European Oil Majors

The energy sector has been a lonely place for investors, even after its recent rise following the escalation of tensions in the Middle East. While broad market indices have raced to new highs throughout the decade-plus bull market, over the past 10 years the energy sector (XLE) has returned a disappointing ~30% with dividends reinvested. This is particularly painful when compared to the S&P 500 (SPY), which, with dividends reinvested, is up nearly 250% over the same period. The driving force behind the sector’s underperformance has been the sagging