Morningstar

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mkarpoff
Posts: 810
Joined: Fri May 30, 2014 4:27 pm

Morningstar

Post by mkarpoff »

I received an email from Morningstar this morning re The Most Overvalued Energy Stocks. Among them were AR, 32% overvalued, DVN, 31%. CLR, 29%, and OKE, 21%. There were a number of others as well.
Of course, the author also expects lower oil prices due to Venezuela, Iran, UAE expanding production.
dan_s
Posts: 37270
Joined: Fri Apr 23, 2010 8:22 am

Re: Morningstar

Post by dan_s »

All of them are "cash flow machines" at current oil, gas and NGL prices. Some analysts still believe the Green New Deal will work and reduce demand for oil and gas. It isn't going to happen this decade.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Re: Morningstar

Post by Fraser921 »

That guy has been wrong forever but I do agree the names are priced for plus 100 oil

Sweet 16 is going to look sweet this week!
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