Energy stocks had a bumper year in 2022 — it was the best-performing sector by a long mile and is expected to remain a big winner this year, according to investment veteran Louis Navellier. "I am expecting energy stocks to lead in 2023, since they have the strongest forecasted sales and earnings," Navellier, who is chairman and founder of growth investing firm Navellier & Associates, told CNBC Wednesday. Navellier's optimism comes amid a slow start for the energy sector.
S. West Texas Intermediate futures were around $74 a barrel. 'Energy renaissance' Navellier believes energy's outperformance last year — driven by high oil and natural gas prices on the back of supply disruptions and a strong rebound in demand — has further to go. "We are now in an energy renaissance where the world had rediscovered the importance of fossil fuels as the G-7 strives to break away from Russian energy," he told CNBC in notes on Dec. 20.
NRGU for the win
Actually it will be the big loser, but thanks CNBC criminal boiler room
Frac yeah
Fossils are a risky bet
Because renewables don’t work
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