Was buying Goldcorp and all that oil and gas stock at their recent low a good idea? I think so. Just look at the increases below.
ARC RESOURCES +10.30%
ENCANA +96.04%
GOLDCORP +44.17%
KINDER MORGAN +11.04%
ROYAL DUTCH SHELL +12.03%
SUNCOR ENERGY +21.67%
Isn't oil and gas being supplanted by renewables?
To a degree, yes, but it is not happening over night, and may not completely happen in my lifetime.
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