Energy stocksMarketwatch has a very interesting article naming Occidental Petroleum as the stock of the year. It mentions, of course, how Warren Buffett invested in it and how the company has grown, I believe, 120% over the past year. Then the article goes on to highlight how the energy sector is the only positive sector this year, and how the industry is learning not to spend all their money on capex and then overproduce, thus killing the goose that laid the golden egg..
We know all that. Still it is encouraging to read for Tourmaline investors. The article highlights how the sector as a whole has learned to limit their capex, stressed return to investors, and how the outlook for the coming year appears very rewarding still. Especially right now when Tourmaline seems to be languishing, it is no reason to give up hope. In fact, the stock is cheap right now. Earnings should continue unabated.