2024-05-31 12:45:40 ET
Summary
- The Invesco Energy Exploration & Production ETF is a hold due to mixed factors impacting the oil and gas industry.
- PXE has underperformed compared to its peers over the past decade, but has outperformed the overall market in the past year.
- While oil and gas will remain dominant in the short term, renewable energy sources will eventually overtake them in the long term.
- A key drawback for PXE is its high expense ratio, which is the highest among compared oil and gas ETFs.
Investment Thesis
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For further details see:
PXE: Investing In Oil And Gas Depends On Your Time Horizon