• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 13 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 day Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 2 days Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 21 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 2 days "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 7 hours NordStream2
  • 1 day Storage of gas cylinders
Martin Tillier

Martin Tillier

More Info

Why A Supposed Telecom Company Should Be In Your Energy Portfolio

I am, as regular readers may have gathered, somewhat of a contrarian by nature. I put that down to nearly twenty years in currency dealing rooms around the world, where such an attitude serves well. My wife might believe that it is just that I am an awkward so and so, but that is my story and I’m sticking to it. Anyway, as a contrarian, a stock that has lost around 40 percent in three months is always of interest to me; hence my initial interest in Mas Tec Inc. (MTZ).


 
The first thing that might strike you about the chart above is that VectorVest, whose chart it is, places Mas Tec in the Telecom equipment sector. Talking about it here, in an energy focused newsletter may therefore seem a little strange, but all will become clear if you bear with me.

The first thing to point out is that when a six month chart looks like the one above, while it may pique my interest, it should also be approached with caution. The “dead cat bounce” is familiar to most traders, and is based on the fact that even a lifeless object, if it has fallen far enough, will at some point bounce. For a few reasons, though, MTZ doesn’t strike me as an example of that phenomenon, but rather as just great value now that a bottom would appear to have been found.

The first of those reasons explains why a stock listed as a telecom company is appearing here. Mas Tec isn’t just in that business. They are, in fact, a construction company that specializes…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News