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Post by anitya on Dec 31, 2020 2:33:26 GMT
Is there a vehicle (ETF, OEF, etc.) that holds all energy companies around the globe: clean energy, traditional energy, nuclear, may be even utilities, storage, all, anything related to energy? I do not mean each and every company but all industries within the energy space. May be the vehicle picks constituents (say "n" number of companies) based on some criteria or may be it is actively managed with a broad energy mandate.
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Post by anitya on Dec 31, 2020 2:43:08 GMT
Apologies for keep editing the OP while people are viewing it. Next time I will try to create an OP outside the forum before posting it.
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Post by rhythmmethod on Dec 31, 2020 16:58:54 GMT
I don't know, anitya. For me, I wouldn't want such a combination. I am holding XLE for my trad energy. It pays a nice dividend and is undervalued, IMO. I am also holding and adding to CNRG for my clean play. It's up over 100% YTD. That is not my profit, unfortunately. I'm about half that. I think that's where the future is. XLE will be a trade for me when it reaches the $50s, then I'm done with trad. energy. Curious as to Norbert thoughts. I know he is holding lots of alt. energy and if memory serves me, he worked for big oil back in the day, so he probably has his finger on the pulse more than me! Happy New Year! |
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Post by anitya on Dec 31, 2020 17:52:36 GMT
I don't know, anitya . For me, I wouldn't want such a combination. I am holding XLE for my trad energy. It pays a nice dividend and is undervalued, IMO. I am also holding and adding to CNRG for my clean play. It's up over 100% YTD. That is not my profit, unfortunately. I'm about half that. I think that's where the future is. XLE will be a trade for me when it reaches the $50s, then I'm done with trad. energy. Curious as to Norbert thoughts. I know he is holding lots of alt. energy and if memory serves me, he worked for big oil back in the day, so he probably has his finger on the pulse more than me! Happy New Year! Hi RM, You hold both. What if somebody put the best (I.e., screened) constituents of both into one vehicle? What if the vehicle adopts some type of industry rotation approach, similar to XLSR or similar to the approach of an active OEF manager running a blend fund? A professional manager would have time to get it right than I trying to do the same for 5-10% of my port. A |
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Post by Norbert on Dec 31, 2020 18:43:37 GMT
Hi Guys,
Yes, I was part of Big Oil for 20 years. I'm not touching Oil & Gas anymore. The story used to be based on access to finite supply; plus some nice synergies between upstream and downstream operations; not to mention the economies of scale.
Technology has changed the outlook. I no longer see energy as a scarce commodity.
It's not quite as bad as what digitization did to Kodak, but the cost of alternative energy is falling rapidly. So, I'm out.
That doesn't mean that it will be easy to make money in alternative energy. The margins of many solar companies are low. But, there's potential.
N.
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