ConocoPhillips
Most investors are underweight energy stocks, ‘by a lot’: ConocoPhillips CEO
ConocoPhillips CEO Ryan Lance spoke at CERAWeek in Houston this week, and as CNBC and others are reporting – Mr. Lance says the energy sector wants investors to like it again. Mr. Lance made the following claim at CERAWeek “Most investors are underweight energy, not by a little but by a lot.” Is this due to the industry simply being a higher risk investment, is the lack of attention and excitement for the future a political issue, or one of ignorance? The article points out that the Energy Select Sector SPDR EFT is down 6.5% other the past year while the S&P 500 is up more than 14.5%, and that ConocoPhillips shares are trading at just under $54, are midway between a 52-week high and low. This all got me thinking about the “Oil” industry PR problem. It’s not sexy anymore to have oil in ...