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Energy Sector Update: OPEC, The Global Market, and U.S. Oil Production

Dryden Pence, chief investment officer with Pence Capital discusses how OPEC has lost its grip on the global energy market. He also shares that American Oil production is at record levels.

(Source:  Schwab Network)

01/02/2024

Disclosure:

Pence Capital Management, LLC (“PCM”) is an investment adviser registered with the State of California that provides institutional level portfolio consultancy services to certain Unit Investment Trust (UIT) product sponsors, as well as, asset management model development offered through LPL Financial LLC’s (“LPL Financial”) Manager Select program. PCM’s Chief Investment Officer is Dryden Pence. Dryden Pence is a registered representative with and securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. PCM is not affiliated with LPL Financial.

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All performance referenced is historical and is no guarantee of future results. All indices referenced, if any, are unmanaged and may not be invested into directly.

The opinions expressed in this material are those of PCM and do not necessarily reflect the views of LPL Financial. Third party comments made within this communication do not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.

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