![]() ![]() The company is sitting on some of the most prime real estate in the Permian Basin, and in my view, CEO Scott Sheffield “just gets it.”ĭuring the company’s mid-February quarterly conference call, Sheffield explained why the company was not hedged on oil prices. Pioneer Natural Resources is woefully under-followed, in my opinion. Now, let’s dive in and take a closer look at each one. So, with all of that in mind, here’s what we’re looking at for cheap oil stocks. ![]() And that’s hammered some of these stocks lower. Now, though, oil is correcting from the highs, falling almost 30% from peak to trough. Furthermore, the soaring price of oil has left many of these companies far more profitable. Despite this, many remain at reasonable valuations.įor starters, these valuations were incredibly compressed due to the selloff we saw - both in energy stocks and oil prices - in 2020. Many of these companies - big and small - have seen their stock prices roar higher. In turn, this has investors wondering if there are any cheap oil stocks left to choose from.īecause oil prices have been soaring, so too have energy stocks. 1As inflation continues to rage higher, demand continues to increase and as geopolitical tensions remain high, oil prices have been climbing. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |