Insights From ETFs: A Contrarian Approach to the Oil Sector

Oil prices have been under tremendous pressure recently due to the expected declining oil demand driven by weak global economic activities. Consequently, share prices of oil companies in general are experiencing negative momentum, while their fundamentals remain sound, making it worthwhile to revisit the investment in oil sector. Why oil now? With crude oil prices in the range of $70, most of the oil companies are generating record cash flow. This is due to the breakthroughs in oil...