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In 2019 and early 2020, the energy sector in the equities market was a laggard. As stocks moved to new record peaks, energy-related companies did not participate in the rally. Moreover, when the price of crude oil climbed to the upside, the shares of oil companies and related energy businesses did not appreciate to the same extent. In hindsight, which is always twenty-twenty, the oil shares were sending an ominous signal. On April 20, 2020, the price of nearby crude oil futures on NYMEX fell to its lowest price in history when it traded to