Opinions
Bryn Talkington
SPDR S&P Oil & Gas Exploration & Production ETF
XOP-N
BUY
Dec 29, 2021
Energy is her top pick for 2022. She owns big positions in both ETFs (XLE and XOP). She sees more upside for energy in 2022. In recent years, energy names have been left for dead, pressured by ESG and global government regulations; energy has badly lagged gains in the Nasdaq in the last 10 years. If we get past Covid, there's a good chance that 12 months from, oil demand will outstrip supply. Lots of runway in energy to come.
$98.445
Stock price when the opinion was issued
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He owns the OIH-N instead, but is probably very similar. Feels the US has more upside. The NETBACKS are much stronger and the regulatory environment is better. These are hugely undervalued. Some are trading at around 30%-40% of replacement value, which is the industry low. The oil sector has looked cheap for a while, and he has been adding to his holdings for the last couple of months. He likes the story and likes being in the drillers right now.
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