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Delta Variant Dip Buying In The Energy Sector

The continued spread of the coronavirus delta variant raises investor concerns that broader restrictions to halt the spread will once again slow economic activity. The delta threat has triggered fears about the prospects for specific market sectors. On the other hand, investors who believe the fears are overblown–as I do–can do well by buying on the dip.

Hit hardest by the perceived delta dangers has been the energy sector, where stock prices have fallen across the board. After almost touching $77.00 per barrel a month ago, the price of a WTI barrel of crude has fallen into the low $60s–a 20% drop in the price of oil. And upstream producers, the drillers for oil and gas, have been hit especially hard.

However, here are a few ideas to consider, and the ETFs that can enable you to play the reversal.

Note: This article originally appeared at Investors Alley.