Energy's Pullback Could Be Opportunity
With crude and natural gas prices finally pulling back, many energy stocks have tumbled 10% or more over the last four days. That has spooked energy investors.
The scare is fair. Since oil has been the go-to sector for most of the year, maybe investors became complacent. Fast money, opportunistic investors and stupid money all found their way into the sector in the third quarter -- and it's probably no coincidence that the tumble began right after the quarter ended.
There's nothing like a 15% pullback to cause a gut-check among investors and move the fast money back to the sidelines. However, while there may be a lot of volatility in the coming days, there may also be a lot of opportunity.
What Hasn't ChangedCommodity prices are likely to moderate, and that creates some challenges for the stocks. However, as I wrote earlier in the week, there are
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