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home / news releases / PXE - Glass Half-Full Case For Energy


PXE - Glass Half-Full Case For Energy

Energy now better positioned

The US energy sector positioning on our allocation framework has improved, pushing us to move to a neutral from underweight view. Energy is in the top-right 'momentum' quadrant, surprisingly in favor with investors but now with above average fundamentals, and historic cheap underlying valuations.

The sector has performed better in recent weeks, following the Brent crude rebound from historic lows. However, the US energy sector is still down 38% year-to-date (YTD), the worst of any, and with Brent crude prices still down a dramatic 77% YTD.

US energy in context

We

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Stock Information

Company Name: Invesco Dynamic Energy Exploration &Production
Stock Symbol: PXE
Market: NYSE

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