Slower, but bigger and more stable: 6 energy stocks which can give more than 26% returns in 1 year
The structural transformation in the auto sector is much talked about – and given credit by the street. Another sector that has been undergoing a structural transformation – though quietly – is the energy sector. Few have noticed, but the large companies in the energy space – whether in oil marketing, refining, or any other – have been forming joint ventures or floating subsidiaries to get into New Energy areas. This transition is much bigger than in the auto space – but a bit too slow to excite the street. Investors, however, better wake up to the development: It will be a more sustainable change, on much bigger balance sheets, and a longer runway of growth.