Where the Money Is 12.04.2014
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 4 December 2014
⏱️ 10 minutes
🧾️ Download transcript
Summary
It's an all-energy episode of WTMI. Analysts Taylor Muckerman and Tyler Crowe talk about the huge hit Wall Street took to energy stocks, and question whether it was an overraction.
Transcript
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| 0:00.0 | Wall Street's having a Black Friday sale this year as well, but it looks like it's going to be on energy stocks. |
| 0:05.0 | This is where the money is. |
| 0:07.0 | Happy Thursday, everybody. I'm Tyler here with Taylor. Of course when it's |
| 0:14.0 | Thursday we talk energy and materials and it's a pretty good time to be talking |
| 0:17.3 | about it because over Thanksgiving we had the big OPEC announcement that they |
| 0:21.9 | were going to maintain oil production |
| 0:23.4 | about $30 million barrels per day. |
| 0:26.8 | Excuse me. |
| 0:27.3 | So we've seen the price of oil, absolutely plummet. |
| 0:29.6 | We're looking at Brent crude right around 70, in 70 in the 75 dollar range. |
| 0:33.6 | I think a little less actually. |
| 0:34.9 | Even less than 70. |
| 0:36.2 | And then West Texas Intermediate doing it's doing the same thing. |
| 0:38.9 | And just about everybody in the interest |
| 0:40.6 | in the energy sector, deservedly or undeservedly has been hammered. |
| 0:45.0 | Yeah, you look at it across the board. |
| 0:47.3 | I didn't really see the news on Thursday. |
| 0:49.3 | I came out of the woods in Big Bend National Park on Friday to see a lot of my portfolio in the |
| 0:55.0 | red unfortunately because covering energy, invest in what you know. A lot of |
| 1:00.0 | names like you mentioned undeservedly so one sector I realized that I don't |
| 1:04.9 | think really deserve the hit that they took on Friday was some of the rails up in |
| 1:09.8 | Canada that carry a lot of this crude. |
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