Co-produced with Beyond Saving
We have recently discussed in several recent articles our bullishness towards oil in 2020. This is a sector that has been under pressure for several years, since the price of oil collapsed in 2015-2016. While oil has come up from 2016 lows, $100+ oil now seems like a fantasy.
With the "new reality", many companies have gone under and are struggling to adapt to lower prices. With that, we have seen underperformance throughout the sector.
As a result, we have identified numerous companies that have low share prices and high but