Co-produced with Trapping Value.
The oil and gas sector has strongly under performed in the past two years, mostly due to negative investor sentiment rather than fundamentals. Now that WTI crude oil is above $60/barrel, the tide is turning. Investors, including financial institutions and banks, are starting to load up on this sector, and for sure we don't want to miss out on it. We have identified a closed-end fund that provides a well-diversified exposure to the integrated oil sector. The CEF is BlackRock Energy & Resources Trust (BGR). Its holdings include some