The Black Friday Massacre

Friday was a massacre for energy investors. Following the announcement by OPEC on Thursday that it would keep its production target unchanged, the price of oil cratered lower by more than 10%. The stocks of various U.S. oil companies were also completely mauled once U.S. markets reopened after the Thanksgiving holiday for a shortened trading session on Friday. But following this sharp downside on Friday, it is worthwhile to explore whether attractive buying opportunities are now presenting themselves in the energy space or if investors are better served to wait.

Please click on the link to read more of my article on Seeking Alpha.

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