Doc Jones – How Is He Trading The Energy Sector, Commodity Stocks, And Looking For Value?
Doc Jones, Private Investor, joins us to discuss oil and natural gas stocks, resource stocks in the commodities sector, and how he is looking for value. We start off with getting his thoughts on the energy sector, where he sold out of most of his positions a couple months back, but is looking for more weakness heading into year-end to capitalize on.
Next we get some general thoughts from Doc Jones on the more defensive posture he’s taking in these turbulent markets, by warehousing some cash, as the Fed continues to bring down the demand side of markets with further hikes and tightening. We review just how far back most commodities have corrected year to date, despite the big moves most had in the first 3-4 months of 2022.
Currently Doc Jones is not being an aggressive buyer, expecting lower prices in many resource stocks, but he is periodically adding to his core positions as they pull down further in price. Ultimately he feels this is a time for seeking out good valuations, versus trying to pick bottoms, with an appropriate 1-2 year time horizon.