Should You Buy Energy Stocks Hand Over Fist With Trump in the White House? Maybe Not, According to a Recent Survey of Oil Execs.
Many oil and gas industry executives enthusiastically supported President Donald Trump's bid for a second term as U.S. president. The first Trump administration was distinctly pro-energy. It wasn't surprising, therefore, that energy stocks soared immediately following Trump's victory in the November 2024 election.But should you buy energy stocks hand over fist with Trump in the White House? Maybe not, according to a recent survey of oil executives.Last month, the Federal Reserve Bank of Dallas surveyed oil and gas industry executives. The survey respondents included the leaders of 88 exploration and production companies and 42 oilfield services providers.Continue reading
Many oil and gas industry executives enthusiastically supported President Donald Trump's bid for a second term as U.S. president. The first Trump administration was distinctly pro-energy. It wasn't surprising, therefore, that energy stocks soared immediately following Trump's victory in the November 2024 election.
But should you buy energy stocks hand over fist with Trump in the White House? Maybe not, according to a recent survey of oil executives.
Last month, the Federal Reserve Bank of Dallas surveyed oil and gas industry executives. The survey respondents included the leaders of 88 exploration and production companies and 42 oilfield services providers.
