We’re Up 149% in 2 Years—Now What?

We contrarians make our money by buying when things look bleak. We did that, and we’re up 149% on this excellent energy dividend. But our strategy has suddenly become popular. Heck, I saw a front-page piece on Bloomberg.com outlining our “Crash ‘n Rally” energy strategy! So, what do we do now? We’ll talk about next steps for energy dividends in a moment. First, let’s recap how we got here so that we can decide if we want to order another quadruple-shot of Texas tea or step aside of the mainstream herd. In April 2020, crude oil prices crashed. They actually hit negative territory, which means producers were paying people to take the goo off their hands.… Read more