Oct 30, 2023
Opportunities in U.S. energy stocks: expert
, BNN Bloomberg
Hot Picks: Three picks in the energy sector that can benefit from consolidation and decreasing cost
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While the world is eager to transition to clean energy, an investment expert says investors shouldn’t ignore energy stocks for the time being.
David McAlvany, chief executive officer of McAlvany Financial Companies, said he expects fossil fuel based energy companies will hold a key role in the global economy. For that reason, he is long-term bullish on the sector.
“We have a long road ahead of us where fossil fuels are part of the global economy,” he said.
McAlvany recommended Chesapeake Energy Corp. (CHK), Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) as his top three stock picks within the oil and gas sector.
McAlvany, his family and his investment banking clients own share in all three companies mentioned above, however, his firm does not.
For the full interview, click on the video at the top of this article.
David McAlvany, chief executive officer of McAlvany Financial Companies, said he expects fossil fuel based energy companies will hold a key role in the global economy. For that reason, he is long-term bullish on the sector.
“We have a long road ahead of us where fossil fuels are part of the global economy,” he said.
McAlvany recommended Chesapeake Energy Corp. (CHK), Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) as his top three stock picks within the oil and gas sector.
McAlvany, his family and his investment banking clients own share in all three companies mentioned above, however, his firm does not.
For the full interview, click on the video at the top of this article.
