Round 2 of the COVID oil bull market?

The ESG backlash is here…

November 25, 2023 When the COVID-19 pandemic froze the global economy, a rare event unfolded... The glut of oil sent prices negative for a short time. It was a market panic. But then, the market staged a shocking rebound. Oil stocks soared 45% off their lows in less than three months. In a calm market, those kinds of moves can take years to play out. But during the COVID crisis, they played in a matter of months. If this sounds like an opportunity that has passed you by, think again. Because there’s a new catalyst that has oil stocks primed to surge in 2024. My friends at The Freeport Society are calling it an “ESG backlash.” And combined with rising conflict in the Middle East… They believe that the market's growing skepticism of unprofitable green energy companies and the ESG agenda will provide a massive tailwind for the fossil fuel industry in 2024. And in their new free report, 5 Unapologetically Profitable Stocks for 2024, they’ll show you one of the best ways to capitalize on this reversal. So if you want to discover how the backlash against ESG has the potential to create a new bull market in oil stocks… Click here and they’ll send the free report, 5 Unapologetically Profitable Stocks for 2024 , directly to your inbox Jeff Remsburg Editor, The InvestorPlace Digest

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