Can energy stocks stay hot in 2022?
By most measures, 2021 was a good year as an energy investor. According to the research firm Morningstar Inc. Energy outperformed every other fund segment, and net asset flows into these funds grew $11.4 billion. When economies around the world began to reopen, demand for energy soared, leading to a rebound in energy stocks.
Those same stocks could be poised to perform well this year, as energy demand remains high. The limited supply of oil and gas is also likely to keep prices high. A recent research note from UBS indicated that oil could remain above $80 per barrel in 2022; It’s about $80 now.