Investors Shift Toward Energy Sector Holdings
A veteran wealth manager says investors should increase exposure to energy companies. The recommendation comes as some see stronger returns than technology stocks.
MarketWatchA veteran wealth manager is urging investors to add more energy sector holdings to their portfolios. Ted Oakley of Oxbow Advisors said investors need more energy sector exposure. His company owns everything from drillers to producers.
Oakley described the sector as even better than tech.
He warned that a scramble into energy stocks is coming. The comments highlight growing interest in traditional energy companies among some investment advisors.
Advisors has positioned its holdings across multiple segments of the energy industry. The firm maintains positions in both upstream and downstream operations. Market participants are monitoring how broader investor sentiment may shift toward energy assets.
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