By Jody Chudley The oil and gas sector has gotten crushed in 2020. And unlike much of the rest of the market, it has not rebounded from our brutal March crash.
Incredibly, the sector now trades below where it was in April, when the price of oil actually went negative for a stretch!
Here is the not-so-pretty picture of the Energy Select Sector SPDR Fund (NYSE: XLE) over the past three years…
This has the contrarian in me intrigued.
Given that oil is at $40 (and not below zero, like it was in April), a person might be inclined to think that share prices of energy companies …read more
