Updated: February 5, 2016
At first glance this looks like a terrible time to buy energy stocks. Oil prices are at historic lows, demand has pulled back, inventories are climbing, and global manipulators like OPEC and Iran are doing little to help.
But contrarian investing is successful because we invest against the herd and simple “first-level” notions. I warned you to stay away from big oil when the goo was trading 50% higher, and I hope you listened. But oil prices will eventually find a bottom – and it’s almost time to get our big oil shopping list ready.
The S&P 500 pays just 2.3%, but the firms I’m talking about pay from 3.9% all the way up to 8.7%.…