Dan Steffens, President of the Energy Prospectus Group joins us to discuss the recent pullback in the energy sector with a focus on oil and natural gas. Oil has pulled back from over $120 to now under $90/barrel. WE ask what has caused this pullback and if Dan thinks the price will recover in the short term. We also look at the overall health of the oil stocks now that they have paid off large amounts of debt. There are some companies Dan highlights with strong growth opportunities.
When it comes to the natural gas price, it has been all move the board. High volatility at month end has been noted the last couple months. We focus on what’s driving these swings and if there are any opportunities in the underlying stocks.