No doubt energy has been left for dead.
Why hold energy investments as the world crashed around them?
There will be more pain…BUT
Three charts from Factset, an accumulator of estimates and reports:
Energy certainly has the lead in earnings surprises …
Of course it is not all peaches and cream … THIS year’s estimates:
Next Year’s Estimates …
Wow….did we say wow !
What if they are only 50% correct ? Of course coded forecast !
Never go “All in or All out!”
Have a great day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth