Even as the Federal Reserve Open Market Committee, the decision making body for the Federal Reserve, the central bank of the United States, seems to be promising that interest rates levels are not going to go up anymore, oil stocks are multiple fold undervalued, while technology stocks are 40 % + overvalued, as measured by the Nasdaq Composite and Energy sector indices.
The corona virus pandemic pulled forward 10-15 years of potential demand for technology services and products. Much like the dot com bubble over promised on the potential of the internet in the short-term.
Personally, I doubt that mass work from home will endure.
As for oil stocks, political pressures regarding renewable energy seems to be artificially suppressing the price of oil and natural gas is Wolfteam Ltd.'s house view.
Companies like Exxon Mobil, British Petroleum, Royal Dutch Shell, Marathon Oil, Petroleo Brasileiro, Occidental Petroleum, Devon Energy, Chevron should double in price to get close to their intrinsic value, according to my estimations.
www.wolfteamedge.com
M&A, Capital, Valuations
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