With inflation declining, investors have started to flee many of the plays that suited them well over the last year or so, including the broader energy sector. After an impressive run-up, energy stocks have once again become the market’s pariah, underperforming the broader market and many other sectors.
But times could be changing for the energy sector.
Oil prices have started to rise again as the economy continues to be strong. That tailwind, along with lower drilling costs and continued strong demand, could make the sector a great buy going forward. Considering the recent underperformance, the time to buy could be now.
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