The Worst Energy Bust of Our Lifetimes

Energy stocks are as beaten down and left for dead as they've ever been. But if you're a contrarian investor, that's great to see... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [DailyWealth] The Worst Energy Bust of Our Lifetimes By Dr. Steve Sjuggerud --------------------------------------------------------------- "Those deer are going into a rut," my friend Cactus told me as we drove along the fence line of his ranch on our way in from the airport. "A rut, ooh, is that bad? Are the deer going to need our help?" I asked. Cactus started laughing uncontrollably. "They're not falling into a hole, Steve – the rut is deer-mating season! I sure hope they don't need your help! Ha ha ha!" And so it went, right from the get-go... I was an easy target, the butt of all the Texas jokes for the next few days. Cactus Schroeder is a longtime West Texas oil man, and a longtime friend of Porter Stansberry's. He has been inviting me out to visit him in West Texas for probably 15 years. But what the heck is there for me in West Texas? I do love hanging out with Cactus and learning. But... West Texas? Why would I go out there, right now? For 15 years, nothing has compelled me to take Cactus up on his offer. But in the last year, a crazy confluence of events has shaken the energy market like it has never been shaken before. So I got on a plane last month. And what I saw firsthand was incredible... --------------------------------------------------------------- Recommended Links: [Porter: 'Please join us on the morning of December 16']( This Wednesday morning at 9 a.m. Eastern time, Porter, Doc, and Steve are broadcasting a special holiday message to explain the No. 1 thing they recommend you do immediately to grow your wealth in 2021. [Click here for details](. --------------------------------------------------------------- [2020's Final and Nastiest Surprise]( The man who predicted the Crash of 2020 has a new warning: We're stuck in a "FALSE" bull market, he says. If you're holding stocks, a massive move on December 23 could wipe out all the gains you've made this year... in the final twist of a terrible year. But if you know what's coming, he predicts you could double your money 17 different times, without buying a single stock. [Learn more here](. --------------------------------------------------------------- I shocked my wife, telling her I had to head to West Texas for a week. "Do you really need to get on a plane right now?" she said. "Yes. It's the right thing for my readers. This could be big. And I have to see what's going on firsthand." I realize that heading to West Texas of all places – during COVID-19 and a tech-stock Melt Up – sure doesn't seem like the best move. But here's the thing... The story of one of the best investing opportunities on earth – for the next two years – starts in West Texas. Longtime DailyWealth readers can guess my line of thinking... You already know that the biggest opportunities start where nobody is looking – where everybody has given up. And, well, nobody is looking at this West Texas investment right now – everybody has given up. "Is this the worst energy bust you have ever seen?" I asked Cactus. "I've been through seven oil busts, Steve," he said. "1986 was the worst – until now." Cactus explained that three events have come together to create a disaster for the oil market... - The money dried up... Wall Street gave up on shale and left. - The Saudis (and Russians) flooded the market with oil. - COVID-19 led to economic shutdowns, causing gasoline consumption to fall 50%. All three of these individual oil stories are destructive on their own. But taken together, they've caused the worst devastation of all time in the energy sector. From their peak in 2014 to their bottom in early 2020, energy stocks – as measured by the Energy Select Sector SPDR Fund (XLE) – fell by more than 70%. This basket includes the household names in energy, like ExxonMobil and Chevron. I looked at the history of energy stocks going back to 1973. There's never been a fall this big – ever. Simply put, energy stocks are as beaten down and left for dead as they've ever been. And if you're a contrarian investor, that's great to see. Tomorrow, I'll share more about what's going on, including just how high these stocks could rise in the coming years... Good investing, Steve Further Reading Going against the crowd is often the smart move when a sector is trading at extreme lows or extreme highs. And with traders all piled up on one side of this trade today, we're likely to see the opposite happen... Read more here: [How to Never Lose Big in the Markets](. "Markets have been breaking out around the globe – even ones that most U.S. investors ignore," Chris writes. Ignoring market sectors that have been "left for dead" can be a huge mistake. And for this sector, history shows that the rally is just getting started... Learn more here: [This Forgotten Market Has More Upside Ahead](. INSIDE TODAY'S DailyWealth Premium Inching closer to a new bull market in this beaten-down sector... Commodities like oil have been beaten down for years. But one major indicator shows that could change for this sector in the near future... [Click here to get immediate access](. Market Notes HIGHS AND LOWS NEW HIGHS OF NOTE LAST WEEK Disney (DIS)... entertainment giant Roku (ROKU)... [streaming devices]( Spotify Technology (SPOT)... [audio streaming]( Match (MTCH)... online dating Starbucks (SBUX)... [coffee "World Dominator"]( Square (SQ)... [cashless payments]( BlackLine (BL)... cloud-based accounting software Maxar Technologies (MAXR)... satellites CRISPR Therapeutics (CRSP)... gene editing AbbVie (ABBV)... [pharmaceuticals]( Snap-on (SNA)... [toolmaker]( Darling Ingredients (DAR)... ["food, feed, and fuel"]( Scotts Miracle-Gro (SMG)... [plant food]( Emerson Electric (EMR)... engineering services Honeywell International (HON)... manufacturing NEW LOWS OF NOTE LAST WEEK Not many... [It's a bull market, you know]( --------------------------------------------------------------- [Tell us what you think of this content]( [We value our subscribers’ feedback. To help us improve your experience, we’d like to ask you a couple brief questions.]( [Click here to rate this e-mail]( You have received this e-mail as part of your subscription to DailyWealth. If you no longer want to receive e-mails from DailyWealth [click here](. Published by Stansberry Research. You’re receiving this e-mail at {EMAIL}. 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