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.
Morningstar
Re: Morningstar
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
Energy Prospectus Group
Re: Morningstar
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!
Sweet 16 is going to look sweet this week!