CNQ:CC - My Favorite 4: How I'm Building A Superior Energy Portfolio
2024-05-16 07:00:00 ET
Summary
- I am bullish on oil and gas due to favorable supply/demand dynamics, and I have plans to add another energy stock to my concentrated portfolio.
- Long-term demand for fossil fuels is underestimated, and the energy transition is not progressing as smoothly as expected.
- I present my favorite four energy picks for potentially outperforming returns, dividend (growth), and secular growth in various areas of the energy sector.
Introduction
It's time to talk about energy - yes, again.
However, in this article, I'll do things differently, as this is an article I had on my planning for a while, I just missed some "puzzle pieces" to complete what I'm working on here.
As most of my readers know, I have been very bullish on oil (and gas) since the end of the pandemic, mainly due to increasingly favorable supply/demand dynamics.
With that said, I cover a wide range of energy stocks in a variety of industries, including upstream (production), midstream (transportation), downstream (refining), and others.
Although I would like to buy almost all the stocks I give a Buy or Strong Buy rating, I manage a highly concentrated portfolio of currently 20 stocks (my recent portfolio analysis can be accessed here )....
My Favorite 4: How I'm Building A Superior Energy Portfolio