The price of oil and energy stocks in general have had an impressive recovery since that one crude futures contract went negative one day last year, which clearly indicated capitulation in the oil market, putting an emphatic punctuation mark on a steady decline in the price that started in 2014. Josef Schachter witnessed that event and has seen it all over his many years investing in energy stocks.
He provided research to Maisons Placement Canada for 15 years, ran Schachter Asset Management for more than 20 years, and was the Market Strategist for Richardson Greenshields. Since 2017, Schachter has been the author of the Schachter Energy Report, a subscription service providing research, company profiles, buy and sell alerts, webinars, and more. We caught up with Schachter to get three top stock ideas.