Legendary investor Louis Navellier says that if he had to put every penny of his life savings into one sector of the markets… this would be it.
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My first prediction lies with the continued oil struggles with Russia.
Specifically, I believe the G7 price cap at $60 per barrel on Russian crude oil will fail. Russia’s fleet of over 100 “shadow” tankers will allow it to circumvent the G7 price cap.
According to The Wall Street Journal, this “shadow fleet” will change flags, turn off transmitters that employ decoy signals, and swap crude oil at sea. In the end, Russia will likely sell more crude oil to China, India, Saudi Arabia, and UAE, where it can be refined.
So those countries, especially India, can then sell excess refined products like diesel and fuel oil. Officially, Russia is refusing to sell crude oil to companies that are complying with the G7 price cap.
The ESG blowback will spread as many university endowments and pension funds have to explain to their trustees why they avoided investing in fossil fuel companies for ESG reasons.
The SEC is still trying to force companies to disclose their ESG activities, but this is a complicated and subjective process.
I should also add that when the S&P 500 Global kicked Tesla out of its ESG index and replaced it with Exxon Mobil Corp. (XOM), the ESG confusion spread – especially since S&P Global cited the batteries that Tesla Inc. (TSLA) uses as the primary reason it got booted!
Brent sweet crude oil should hit $120 per barrel in 2023 because the Biden administration is expected to stop draining a million barrels a day from the Strategic Petroleum Reserve (SPR).
The SPR is down to the lowest level since 1980 and the new Republican House is expected to be very critical of the SPR releases. Furthermore, China is reopening, and crude oil demand is expected to steadily rise. Finally, crude oil prices traditionally rally in the spring due to increasing seasonal demand.
If my predictions are correct, this year should be a phenomenal year for the energy sector. So, I’m going “all in” on energy this year. The fact of the matter is there are several catalysts that could drive energy stocks higher over the next 12 months.
I don’t want you to miss out on the potential profit opportunities here. This is why I’ve decided to hold a special Big Energy Bet event today, Jan. 5, at 12:00 p.m. ET (click here to reserve your spot now).
During this event, I will explain why I’m so certain the energy sector should be the dominant force over the long term for the U.S. economy, the entire world even…
And I’ll reveal my Big Energy Bet and detail the best opportunities in this one particular sector. I will also unveil a free stock pick – ticker symbol and all.
Click here to reserve your spot for my Big Energy Bet event now – before it’s too late
