2024-05-14 03:25:18 ET
Summary
- Oil prices should remain high in 2024 and moving forward for multiple reasons.
- The energy sector should continue to see strong cash flow moving forward.
- Valuation levels in the oil and gas sector still look too low using several metrics.
Sometimes trying to get solid annual returns is better than seeking to maximize capital gains. With rates high, economic expectations low for this year, and uncertainty at higher levels with political elections coming up, finding good investments in the market today is difficult....
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XLE: Double Digit Dividend Growth Should Be Sustainable