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The prospect for energy stocks in 2022

South Carolina Business Review
SC Public Radio

One sector of the stock market that has done particularly well over the past 12 months is the energy sector, driven mostly by significantly higher oil and gas prices. Is this segment due for a breather? Mike Switzer interviews Peter Nielsen, a chartered financial analyst and adjunct professor of finance at Anderson University in Anderson, SC. He joins us by phone today from his office at Independent Solutions Wealth Management in Greer, SC where he is a portfolio manager. He is also a member of the South Carolina chapter of the CFA Society.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.