In my personal opinion, the following commodity producing corporations stocks are undervalued - Occidental Petroleum, Marathon Oil Corp, Exxon Mobil, Chevron, Devon Energy, British Petroleum, Vale, Eldorado Gold Corporation, Wheaton Precious Metals Group, Royal Dutch Shell, Pan American Silver.
The oil producing companies mentioned above are more overvalued in the short-term, while the precious metals and base metals mining companies stated above are undervalued long-term, I think
In short, I believe we are in a commodities bull cycle, which could be the largest in history ever.
But it will take 5-12 years to unfold.
No comments:
Post a Comment