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Martin Tillier

Martin Tillier

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Two Top Picks In Energy This Year

Oil

The New Year is a time for a fresh start, which will be welcomed by energy investors. The sector did better last year than it has in the recent past, but still underperformed the broader market. The problem is that U.S. oil production continues to increase, threatening the recovery in prices that we saw in the second half of last year. We have already heard from the Trump administration that they will be conducting a massive lease sale on both the Pacific and Atlantic coasts this year which is good for the long-term prospects of oil companies, but does not bode particularly well for the price of oil in the medium term. That doesn’t mean, however, that there will not be opportunities in energy stocks in 2018, so let’s look at a couple of them.

As I have said many times in the past, making predictions for extended time periods is, at best, extremely difficult. There are enough known variables that can throw off even the most researched and thought out idea, let alone the unpredictable events that often change the outlook in a fundamental way. That said though, picking stocks for the next year or so is in some ways a bit easier. Twelve months is a long enough period for fundamental factors to outweigh the vicissitudes of the market, yet not long enough to factor in massive, existential changes. The trick for stock-picking in that time frame is to first decide on some trends that you expect to see over the next twelve months, then to extrapolate actionable ideas…

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