NEW YORK (TheStreet) -- West Texas Intermediate crude oil is higher by almost 1% on Tuesday, after plunging over 4% on Monday. The commodity is now lower by 32% in the past three months, which has really taken a toll on energy stocks.
But that pain can be a long-term investor's gain. That's why Michael Ball, portfolio manager at Weatherstone Capital Management, told TheStreet TV's Gregg Greenberg he likes the Energy Select Sector SPDR ETF (XLE) .
The ETF is down 20% in the past three months and 13% on the year. However, the selloff has created a good value for investors and has made the dividend more attractive. The energy sector is now the third highest yielding sector, he said.
The pipeline and storage business is an attractive alternative way to play the energy sector, Ball added.