re: Does the energy stock upswing have legs for the long term?

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Rather, I'm wondering whether people think that, generally, the trajectory will be upward.

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I think so, but the majority of ROI is likely going to be reinvested dividends. You can't look at energy stocks as a 1 or 2 year investment, that's how you get your arse handed to you. These are long-term holds, 5 years minimum, if not 10.