Oil (BZ=F, CL=F) rose this week on escalations in the Middle East. Solar stocks, on the other hand, saw a their shares prices decline despite the green energy push, with some companies saying they expect weak demand for solar products. Neil Dingmann, Truist Securities Managing Director – Energy, and Pavel Molchanov, Raymond James Managing Director, join Yahoo Finance to break down the current energy sector environment and give insight into the future of the these markets both near and long-term.
Dingmann on the near-term outlook for big oil states: “I think its going to be a bit more of the same. That is, these companies now are turning into, or have turned into just these huge shareholder return vehicles, and you’ve seen now Exxon (XOM) and Chevron (CVX) even today pay back billions of dollars each quarter to investors, so I think thats going to be the key.”
Watch the video above to hear Molchanov’s take on the solar spave.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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