A good summary from Barrons this weekend. Check it out here.
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Evan Calio, an energy analyst at Morgan Stanley, wrote recently that
many stocks trade "near liquidation value," and the group as a whole is
valued at "trough" levels, based on such measures as price to cash flow
and reserves relative to enterprise value, which is stock-market value
plus debt. He likes stocks that can do well "without commodity support,"
which is to say rising prices. His favorites include Chevron, Anadarko,
and Hess.
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Click the links to read the article and a table .
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