Wall Street's Best Digest Daily Alert: (PRNEX)

I don’t think oil prices are going to revisit the lows of the bear market, but the recovery likely has stalled for a year or more. The fund returned 15.95% over the last 12 months.

Sell: T. Rowe Price New Era (PRNEX)
From Bob Carlson’s Retirement Watch
Updated from WSBI 789, January 18, 2017

Normally a recovery in oil prices lasts several years. Technology has changed the cycle, especially with the fracking operations in the United States and Canada. Recent assessments of the international oil market concluded new supply already is coming back to the market. Supply is meeting or exceeding demand. That triggered selling in both oil and stocks of energy companies.

T. Rowe Price New Era (PRNEX) is down 4.23% for the last four weeks and 3.06% for the year to date. I don’t think oil prices are going to revisit the lows of the bear market, but the recovery likely has stalled for a year or more. The fund returned 15.95% over the last 12 months.

We’ll take our profits and move on.

Bob C. Carlson, Bob Carlson’s Retirement Watch, www.retirementwatch.com, April 2017

Wall Street’s Best Digest Daily Alert: (PRNEX)

I don’t think oil prices are going to revisit the lows of the bear market, but the recovery likely has stalled for a year or more. The fund returned 15.95% over the last 12 months.