++Shares of oil-and-gas producers are soaring after a yearslong slump, prompting some investors to increase their positions in the sector. Chevron pump jacks in California.
PHOTO: David Paul Morris/Bloomberg News
PHOTO: David Paul Morris/Bloomberg News
++The S&P 500 energy sector has rebounded 54% this year, outpacing the broad index’s 21% climb and leading the second-best performing group by about 16%. That would mark the third-largest such gap between the top two sectors since 2000, according to Dow Jones Market Data.
-WSJ
-WSJ
++Big gains in shares of companies such as Devon Energy Corp. and EOG Resources Inc. are now putting some investors in a bind.
Many limited their positions in the energy sector after the group lagged behind the S&P 500 in eight of nine years through 2020, hurt by low oil and gas prices and rising global supplies.
@WSJ
@WSJ
++Energy-Stock Surge Leaves Climate-Focused Investors Behind
Price gains are testing investors who long avoided shares of fossil-fuel producers but are now missing out on the year’s top trade
@WSJ
Price gains are testing investors who long avoided shares of fossil-fuel producers but are now missing out on the year’s top trade
@WSJ
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