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T. Rowe Price New Era Fund (PRNEX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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39.22-0.21 (-0.53%)
At close: 08:01PM EST
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  • P
    PPJJ
    I've posted here previously and I'm back again. I have owned this fund for several years and it's been a total disappointment.......till now. This is not the time to sell this fund, although I have been tempted to do so because of it's runup this year. I don't have a lot invested here but I could have had this money in other TROWE Price funds and done so much better. I will hold for the near-term (till the end of year) Remember, distributions are coming in December. On the 15th/16th of this month, TROWE Price publishes their estimated distributions for 2021 payable in December. I will wait the two weeks before making potential changes. I have numerous TROWE PRICE funds in my portfolio.
  • P
    PPJJ
    I just added to this fund. I know, I know...it's been a dud for a long time but now it's starting to shine. I recommend that you add or start a position in this fund. This should make you money at least through the 2022 summer vacation season. Buy today, sell in July and use the profits to fund your vacation. Price at yesterdays close was $39.17 (10/12/2021). Will be interesting to see if I was correct with my prediction. World economies will be re-opening by next summer. Demand will be high, prices will stay high IMO. Oil-producing countries will not be so quick to lower price of barrel. This is THEIR time to get revenues from oil.
  • P
    PPJJ
    PRNEX is going up !!! Oil is now $80-$85 a barrel.
    Bullish
  • D
    Dean
    Rising tides raises all boats....except this rock.
  • P
    PPJJ
    Finally, PRNEX is starting to come alive !!! I stated last year that I was going to sell this fund but maybe I will hold for the balance of the year. Price of a barrel of oil has exceeded $60 now. The price at the pump has risen as a result. Please continue on with the upward trend.
  • C
    Charles
    As a very long-term PRNEX owner, I have only myself to blame for investing in a fund with this clearly stated natural resources anti-inflation investment objective. However, I do blame the series of fund managers for doing a #$%$-poor job of moving investments around within the fund's categories, e.g., oil and gas (upstream, downstream, integrated, exploration), coal, metals, forest resources, cash.
  • 4
    4whom the bell tolz
    should be a good hold for rotation into the commodities supercycle
    Bullish
  • M
    Michael
    It's done poorly
  • E
    Eric
    As a long time shareholder of this fund I have never been able to understand why Mr. Driscoll, which has been the lead manager in this fund since 2013 kept it so invested in Energy after he told the site MarketWatch in this article: https://www.marketwatch.com/story/fund-manager-who-correctly-predicted-2014-drop-in-oil-now-sees-prices-in-the-30s-2017-01-19, that he expected a long term bear market for oil before it finally collapsed in the later half of 2014. If he was expecting it why did not he move the fund away from this investment? On February 9, 2018 a new fund began named "MassMutual Select T. Rowe Price Real Assets Fund Class 1 (ticker: MMRFX). If you check the holdings of this fund you will noted the similarity to the holdings of the T. Rowe Price New Era Fund. The only real difference is that rather than hold energy as an asset this new fund holds real estate as an asset. Thus the two funds are very similar in that they seem to hedge against inflation. My question, of course, is why hadn't Mr. Driscoll positioned the New Era Fund in real estate (which is a natural resource) rather than remain in oil since he believed oil was nearing a long term bear market? There just seems something awfully wrong about all this. As yet I have been unable to track down who the T Rowe Price sub-adviser is for the MassMutual fund I've mentioned above.
    T. Rowe Price’s Shawn Driscoll says an oversupply combined with greater efficiency means crude prices are headed lower.
    T. Rowe Price’s Shawn Driscoll says an oversupply combined with greater efficiency means crude prices are headed lower.
    www.marketwatch.com
  • g
    gaudy
    It is time to sell or go down with the ship.
    https://www.yahoo.com/finance/m/c79516b4-831e-35d6-82a7-3a3ce456e265/exxon-mobil’s-stock-drops-to.html
  • P
    PPJJ
    Should I add into this fund OR is it too late ??? I realize the big run up has already taken place....perhaps it will go up a little more. I was thinking of adding for the short term, 3-6 months. Any opinions out there.
  • P
    PPJJ
    Will probably sell this poorly performing fund in Jan. 2020. It has come to life a bit so maybe I will let it run up and then get out.
    Neutral
  • J
    Jason B
    It's sad that I've held onto this stock for 20 years and it hasn't gone anywhere. I only have it for sector diversification but what a dud.
  • C
    Charles
    Mr. Driscoll, please consider investing some of my funds in companies producing, or even planning to produce, battery metals such as Li.
  • M
    Michael
    anyone know dividends it will give 16 december
  • j
    jm
    With Donald Trump our President Elect, do you believe this mutual fund could take off and make us some money over the next 4 to 8 years?
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