2023 was the year OPEC+ lost its grip on the global energy market, notes Pence Capital Management’s Dryden Pence. He and CFRA Research’s Steward Glickman discuss the top 2023 energy headlines. Pence highlights that American oil production is currently at record levels. He talks about how the supply picture has changed to point where OPEC+ cuts don’t have nearly the impact they used to. Glickman mentions sub-industries that currently show the most potential which include integrated oil and gas, drilling, and equipment and services. He notes that we’ll get at least two more E&P acquisitions valued at $10B or more in 2024. They then go over what to watch for in energy markets in 2024. Tune in to find out more about the stock market today.