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OldAIMGuy

09/16/20 11:51 AM

#505 RE: jugs #504

Hi J, Re: Energy Sector blues..................

I noted in this week's Value Line's "Worst Performers - latest 13 Weeks" list that of the 41 stocks listed 20 are from general Energy sectors. That has always spelled "Oversold" to me in the past. Those 20 companies are over-represented as bad boys out of VL's 1700 stock universe.

Now, not all of those companies are screaming buys but studying the energy sectors for the best of the lot in an over-sold group usually will yield a few very good companies. And, starting positions when the sector is out-of-favor certainly helps to improve intrinsic value at the time of purchase.

Here's some LPs on the "worst" list right now:
OKE, PSXP, PAA and SHLX

Here's some of the rest of the "energy" stocks:
NBR, OXY, PBF, HP, MRO, FANG, PTEN, OII, WPX, HFC, DK, TRGP, CVI, HLS and PSX

These companies are all singing in harmony "Nobody Loves Me".........

Best wishes,
OAG Tom