I have some energy stocks and ETFs. Thought I had a lot, but just added them up and found out that they are about 4% of portfolio, not including what might be in some MFs that I have.
Energy is an undervalued sector. It used to be 5-6% of the S&P, dropped to 2%, and is now perhaps 2.5-3%. Thought about buying more, but I am already overweight this sector, so may not do it.
Yes, I think this sector will continue to recover when Covid abates and people take to the road again for vacationing this summer. Airline flights will also resume. The world still needs oil.
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)