As I commented on recently, thanks to oil production being at record highs (and having high supply), a lot of energy stocks are consolidating their recent gains, and who knows what the future holds for oil prices…
But here’s a group of companies who make their fortune no matter what…
The main reason why my Wealth from Power subscribers enjoy such consistent gains is because I focus on what’s known as ‘pick-and-shovel’ plays. These are the companies providing all the ancillary services to the miners and explorers- like drilling, pipelines, and maintenance, to name a few.
All the risk is with the miners- but the service providers get paid no matter what.
Take this as an example:
As I write this on Sept 5, the market is stalling with very few companies making new highs, especially not companies providing basic materials like oil and gas. But here’s this company- TC Pipelines Partners (TCP), and their stock price is flying.
But meanwhile let’s take a look at the oil exploration sector:
That blue line is the long term average price, and as you can see, the price has stayed nicely above it throughout this bull market, and it’s now just touching it again, so this should be a great buying opportunity for a nice rebound soon, and my Wealth from Power subscribers are well poised to enjoy that bounce when it comes.
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