The Energy Report: It’s been a tough market for energy stocks since your last interview. What is your take on the state of the market?
Josh Young: It’s been a tough few months for energy stocks. Over the last few years, there have been risk-on and risk-off cycles. Commodities and smaller energy stocks have done well when the world economy appeared to be recovering; last November through March was one of those periods. Beginning in April, the market turned down. Investors got more cautious, oil and natural gas prices came down, as did energy stocks.
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