Energy stocks used to make up more than 10% of the S&P 500. After trailing again in 2020, energy stocks are up 18% in the first two weeks of 2021, even though the S&P 500 is only up 1%. Thomas Lee, head of research at Fundstrat Global Advisors, thinks that energy stocks could benefit from the same change in investor sentiment that helped drive (TSLA) (ticker: TSLA) in 2020—a “fear of missing out,” or FOMO, on a new investment theme after a long period of underinvestment.
The world’s next major onshore oil discovery could be made in a country where no oil has ever been produced, and the upside potential for the company that exploits it should be remarkable
Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the company as Executive Vice President and Chief Financial Officer effective January 25. Ms. Mannen will succeed retiring CFO Donald C. Templin.