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If you want to beat the markets over the long term, you’ve got to think like a contrarian. That entails looking to areas of the market that most others wouldn’t care to. With the continued rise of renewable energy plays, the fossil fuel firms seem untouchable right now. From the oil producers to the midstream operators, the oil stocks certainly seem like they’re on their way out. Despite their incredibly cheap multiples in an expensive market and cash flow streams that remain relatively robust, most investors would rather add such names to their blacklist. Indeed, it’s tough to go against the grain with the stocks of firms within industries in secular decline. Mad Money host Jim Cramer thinks that the oils are in the “death knell” phase, and while it’s hard to argue with such a statement, given the profound progress of green energy plays in 2020; I question the valuations of many of such hot next-generation sustainable energy plays that aim to combat climate change. Sure, environment social governance friendly investors are more likely to pay-up a premium price tag for stocks of firms that do their part to make the world a better place. But one must […]
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