Summary Due to several factors, oil prices have plunged into yet another bear market, causing many investors to worry that another epic oil crash has started. The reality is that the recent oil mini-crash was caused by mostly short-term and transitory events that mean crude is likely to bottom soon. The fundamentals of the oil industry point to crude prices rising slightly in the coming years (average long-term price $73-80 per barrel). That makes today a great time to add high-yield energy blue-chips to your portfolio. Enbridge, TransCanada, and Exxon are some of the most undervalued, low-risk, high-yield energy stocks you can buy today. All three should deliver +14% long-term CAGR total returns. (Source: imgflip ) The last few weeks haven’t just been a tough time for stocks, but for oil prices as well. Crude has plunged, with West Texas Intermediate (the US oil standard) at one point falling for 12 straight days. That was the longest losing streak since oil futures began trading in 1983 . On November 13th alone, US crude futures plunged nearly 8%, its largest single-day decline in three years , which itself occurred during the second-worst oil crash in over 50 years. And at […]
