- 2020 was a year of difficulty, and a year of opportunity, even larger than the opportunities present every year in the financial markets.
- One energy stock stood out above the rest, with Antero Resources shares gaining 91.2% in 2020 while most exploration and production stocks declined materially.
- The gains from the year's lows were even more breathtaking and offered contrarian value-oriented investors tremendous opportunity.
- Better yet, there's more room to run, as Antero's shares still trade with a 30%-plus free cash flow yield, and debt is set to be paid down further transferring EV value to equity.
- Taking a look back to reflect on what made this opportunity possible and ponder what the future holds, particularly for those investors willing to consider out-of-favor equities and non-correlated assets.
For further details see:
Antero Resources: The Best-Performing Energy Equity, And Yet There's More Room To Run