Energy prices have dipped, but oil stocks are still a buy, investor says

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Oil prices have fallen sharply from their recent peaks, but there's still a case for buying oil stocks, according to Bill Smead of Smead Capital Management.

Oil prices have fallen sharply from their recent peaks, but there's still a case for buying oil stocks, according to Bill Smead, chief investment officer at Smead Capital Management.

Covid flare-ups in China have spurred lockdowns this year, and caused consumption of energy to drop in the world's most populous country.

 

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