Quiet Government Move Will Send Oil (and This 9% Dividend) Soaring
June 04, 2024 at 05:00 AM EDT
The market volatility we contrarians have been waiting for is finally starting to show up—and we’re going to play it with a cheap energy fund paying a sweet 9.1% dividend. These days, most investors think energy is played out. But the truth is, we’ve seen a “slow-mo” selloff, with crude tumbling about 10% from back in early April. And we’ve got Uncle Sam on our side here, too. This is an election year after all, and last week we got word the Biden Administration will empty the Northeast Gasoline Supply Reserve, set up to provide an emergency supply after Superstorm Sandy in 2014.… Read more