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

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ICYMI: Energy stocks remain woefully undervalued despite the massively bullish backdrop — via financialpost Oil Gas Energy Commodities

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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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!

financialpost Which ones in particular ? Canadian Oil stocks have seen a large rise in recent weeks already

financialpost So we'll call it the Nuttall top. ericnuttall

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