5 Under-Appreciated Facts About Oil… Plus One Counter-Point

Adam Feik - INO.com Contributor - Energies


Recent data on oil prices and energy equities is painting a picture few seem to appreciate. Here are 5 under-appreciated nuggets of information that generally seem to favor a rebound in oil prices and oil companies’ stocks. At the end, I offer one significant counterpoint.

Fact #1: Growing demand: Media outlets seem to continue wondering whether global demand for oil has increased with today’s lower prices. The answer, of course, is a definite yes.

I listened a couple weeks ago to a presentation by a portfolio manager of the Guinness Atkinson Global Energy Fund (GAGEX), Jonathan Waghorn (who co-manages the fund along with Tim Guinness and Will Riley). I’ll reference information and charts from Mr. Waghorn’s presentation throughout this article. Continue reading "5 Under-Appreciated Facts About Oil… Plus One Counter-Point"