Energy Stocks Look Cheap if Oil Prices Are an Indicator

Barrons2021-08-04

The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a potential buying opportunity. The price of WTI Crude oil is up about 45% year-to-date as reopenings ...

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Comments

NatYong
2021-08-04
NatYong
Those who believe in strengthening oil demand can believe in oil stocks.
newwen
2021-08-04
newwen
Up
- WangZhai:
  Opportunity period
- newwen:
  up
- ys2:
  ??
EggsyWong
2021-08-04
EggsyWong
Hmm
Esha
2021-08-04
Esha
Cheap is good.
- AshleySpace:
  Yea
KATLIM
2021-08-04
KATLIM
?
6fbfe23e
2021-08-04
6fbfe23e
[What]

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Oil stocks haven’t fully responded in kind, creating a potential buying opportunity.\nThe price of WTI Crude oil is up about 45% year-to-date as reopenings ...</p>\n\n<a href=\"https://www.barrons.com/articles/energy-stocks-look-cheap-if-oil-prices-are-an-indicator-51628026755?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XLE","symbol_name":"SPDR能源指数ETF","start_time":0,"source_url":"https://www.barrons.com/articles/energy-stocks-look-cheap-if-oil-prices-are-an-indicator-51628026755?mod=RTA","article_id":"1154291132","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154291132","pubTimestamp":1628041967,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a p","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XLE":"SPDR能源指数ETF","BP":"英国石油","HAL":"哈里伯顿","SLB":"斯伦贝谢","XOM":"埃克森美孚","CPE":"卡隆石油","CVX":"雪佛龙","COP":"康菲石油","RDS.A":"荷兰皇家壳牌石油A类股","OXY":"西方石油"},"translate_title":"如果油价是一个指标，能源股看起来很便宜","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BP":0.9,"COP":0.9,"CPE":0.9,"CVX":0.9,"HAL":0.9,"OXY":0.9,"RDS.A":0.9,"SLB":0.9,"XLE":0.9,"XOM":0.9},"content_text":"The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a potential buying opportunity.\nThe price of WTI Crude oil is up about 45% year-to-date as reopenings and trillions of dollars of fiscal stimulus have jolted economic demand.\nEnergy stocks have also performed handsomely. The Energy Select Sector SPDR Fund(ticker: XLE), which counts oil majors Exxon Mobil(XOM) and Chevron(CVX) as its two largest holdings, has risen about 30.5% for the year. That outpaces the S&P 500’s gain in that time by about 11 percentage points.\nBut stock gains for energy companies should be stronger than that, given historical trends. With crude oil recently trading around $70 a barrel, the average S&P 500 energy stock should have outperformed the broader index by several times greater than the outperformance seen in 2021, according to Citigroup data.\nThe bank’s data show a tight correlation between the price of crude oil and the outperformance of energy stocks, dating back to 1995. Recently, the two have become decorrelated. Now, “the [energy] stocks look underpriced given the rebound in crude,” writes Tobias Levkovich, chief U.S. equity strategist at Citigroup.\n\nOthers on Wall Street have also noted the fairly cheap price of energy stocks. 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The price of oil—and the energy fund—have both fallen from 2021 peaks hit in July and June, respectively.\nBut those who believe in strengthening oil demand can believe in oil stocks from here.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":807520443,"gmtCreate":1628044426582,"gmtModify":1703500171623,"author":{"id":"3580207321438450","authorId":"3580207321438450","name":"NatYong","avatar":"https://static.tigerbbs.com/62b1fa39b2974271d1c06e208f7b3571","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Those who believe in strengthening oil demand can believe in oil stocks.","listText":"Those who believe in strengthening oil demand can believe in oil stocks.","text":"Those who believe in strengthening oil demand can believe in oil 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is good.","listText":"Cheap is good.","text":"Cheap is good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807515045","repostId":1154291132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5420519,"gmtCreate":1628043603676,"gmtModify":1663231899540,"authorId":3578886966105998,"author":{"id":3578886966105998,"authorId":3578886966105998,"name":"AshleySpace","avatar":"https://static.tigerbbs.com/86ceb5655988ed5ab92e6a5a06450942","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":807515045,"type":1,"supId":0,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"}],"langContent":"EN"},{"id":807516517,"gmtCreate":1628043246539,"gmtModify":1703500138667,"author":{"id":"4090665296008810","authorId":"4090665296008810","name":"KATLIM","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807516517","repostId":1154291132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":807518216,"gmtCreate":1628043198235,"gmtModify":1703500136191,"author":{"id":"3584516059997168","authorId":"3584516059997168","name":"6fbfe23e","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807518216","repostId":1154291132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":116,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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