Are Energy Stocks Hot Again?

Is the battered energy sector about to stage a major turnaround, or are contrarian investors trying to catch a falling knife? That’s the million-dollar question at the forefront of every energy investor’s mind as reports emerge about “smart money” quietly piling into the industry, hoping it has bottomed out. Legendary investors Warren Buffett, Carl Icahn, Sam Zell and Jerry Jones have strategically upped their ante on the sector even as portfolio managers and the rest of the investing universe continues to give it a wide berth.…