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Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

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It’s Too Early To Draw Conclusions From Trump’s Energy Policy

It'd be easier if I were an expert in something other than energy – that'd make the forecasting of which stocks will benefit under a new Trump administration so much easier. With Obamacare's repeal about the most likely of President-elect Trump's sketchy proposals to come to pass, we'll continue to see a whopping rally in the healthcare sector and insurance. With the energy space, predicting what will be affected is proving to be much more difficult to parse.

Intuitively, you'd think Mr. Trump's energy policy would be fantastically bullish. But there was little meat on the bone of Trump energy statements, being mostly slogans and large scale promises. We'll have to mostly look at other statements from within the campaign on the economy and regulation to give us a better clue of how a Trump presidency will benefit or hurt energy stocks.

First, with coal. Trump has often professed his love of the West Virginia coal miners and his promise to help them. It is true that the Obama administration, with its strict EPA mandates on utility emissions, has accelerated the decline of coal use here in the US. The election of Trump certainly assumes that those EPA restrictions will be rolled back, if not sacked altogether and stocks like Arch Coal (ARCH), Peabody (BTUUQ) and Alliance Resource Partners (ARLP) had their best few days in years, all climbing in double digits. Still, the path of lowering carbon emissions has been now ingrained in the utility industry in long-term…




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