Eric Nuttall: Energy stocks remain woefully undervalued despite the massively bullish backdrop

and the price will fall when peace comes; and energy stocks must already be fairly valued after such a strong rally over the past two years.Article content

Global inventory levels entered 2022 at already low levels and look to decline further to multi-year lows even with strategic petroleum reserve releases. Adjusting for what should be a temporary soft spot for Chinese demand due to regional lockdowns, the oil market is estimated to be undersupplied by one to 1.5 million barrels per day.

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Eric Nuttall: Energy stocks remain woefully undervalued despite the massively bullish backdropDon\u0027t let fears of recession, or a mistaken belief that energy stocks are appropriately valued, keep you from seeing what we see. Read more. financialpost So we'll call it the Nuttall top. ericnuttall financialpost Which ones in particular ? Canadian Oil stocks have seen a large rise in recent weeks already financialpost If I had to name just one stock, ERBB would it be? It is a stock that has grown tremendously in the past few week and is still incredibly affordable. You can check it out!
Source: nationalpost - 🏆 10. / 80 Read more »

Eric Nuttall: Energy stocks remain woefully undervalued despite the massively bullish backdropDon\u0027t let fears of recession, or a mistaken belief that energy stocks are appropriately valued, keep you from seeing what we see. Read more. financialpost So we'll call it the Nuttall top. ericnuttall financialpost Which ones in particular ? Canadian Oil stocks have seen a large rise in recent weeks already financialpost If I had to name just one stock, ERBB would it be? It is a stock that has grown tremendously in the past few week and is still incredibly affordable. You can check it out!
Source: nationalpost - 🏆 10. / 80 Read more »