Our Portfolio of oil stocks, initiated on June 3, 2019 with a total invested value of $300,000, is focused on recovery and growth. The Energy sector has been depressed for some time, and most Energy stocks have not fared well since the Portfolio’s inception.
TODAY’S COMMENT: Henceforth, we intend to update the Portfolio using Tuesday’s closing prices. Since our last publication at the end of July, the Portfolio has lost 4.0%. Only four of the ten stocks are in positive territory. One of these is the latest addition to the Portfolio, Suncor Inc. The Energy stocks rallied today (Tuesday) on the back of positive sounds coming from the USA-China trade spat. Resolution of the tariff war between the world’s two top trading countries would probably result in a sustained rally in all commodities. Fingers crossed.
CURRENT PORTFOLIO – The current portfolio can be accessed by clicking this link: ModelOil081319
