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Summary As 2022 comes to a close in a few weeks’ time, investors are starting to search for value opportunities to take advantage of in the new year. Having seen a slump in oil prices over the past several years, 2022 has been a banner year for the energy sector on the back of the Russia-Ukraine conflict, high inflation, rising interest rates and anxiety about the strength of the global economy. The sector has posted a return of 38.45% so far this year, outperforming the rest of the market by a wide margin. Overview of sector performances year to date. GuruFocus.com International benchmark Brent crude futures were up 1.20% at $76.39 on Wednesday morning, while West Texas Intermediate crude futures gained 1.34% to trade at $76.38. The trend in Brent and WTI crude prices year to date. GuruFocus.com While there are some concerns for oil production heading into 2023, investors may still find value prospects among energy companies that outperformed the Standard & Poor’s 500 Index by at least 70% over the past 12 months. As of Dec. 14, the GuruFocus All-in-One Screener , a Premium feature, found several stocks that had a higher return relative to the index […]
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