- Traditional oil and gas assets had a tumultuous ride during 2020.
- Initially a spat between Russia and OPEC led to a price war, which indirectly crushed US shale plays.
- Consequently, the SARS-COV2 pandemic swept across the planet, locking down economies and destroying international trade.
- With industrial economies returning online and the USD under pressure, anyone looking for long exposure to black gold should consider ETFs.
- SPDR S&P Oil & Gas Exploration & Production ETF (XOP) could nicely fit the bill.
For further details see:
XOP: S&P Oil & Gas Exploration & Production May Be A Gusher In 2021