Avoiding Mistakes & Waiting for Opportunity

Published on: June 3rd, 2020

Energy stocks recorded the highest monthly return ever. Will it last though? Warren Pies of Ned Davis Research delves into the energy market to explain the bullish narrative in oil and the many pitfalls that exist.


  • DV
    David V.
    4 June 2020 @ 03:18
    Warren, thanks a ton for your insight here. In a previous video, you mentioned that tanker stocks could be promising. How do you feel about the tanker stocks currently? I know you're not a tanker expert, but you do have a deep understanding of the oil market.
    • MW
      Max W.
      4 June 2020 @ 12:52
      In his video today he mentions that the flattening of contango is no longer incentivizing floating storage and what would normally have been a multi month trade played out over the course of a few weeks. He still likes EURN because they have 2 big 20% dividend payments over the next few months and are trading at a slight discount to NAV. Likes buying around $10 and selling north of $12. Not gonna make you rich but a good hedge to any oil exposure.
    • EO
      Elena O.
      4 June 2020 @ 03:35
      Second this question. Any update on tankers?