Low PE small cap oil producers have been laggards ..... the last time oil was over $90 was 11/7/22 .... NG is down sharply since then, but these companies derive most of their revenue from oil -
Price change since 11/7/22
TKR % Change Cur Price Start Price
NOG 9% 38.71 35.52 SBOW -12% 33.02 37.38 CPE -22% 37.39 48.23 VTLE -24% 52.24 68.94 REI -43% 1.87 3.27
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