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

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines