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Equity markets are discounting oil prices as low as $70/bbl, which has sent share prices of some...

Equity markets are discounting oil prices as low as $70/bbl, which has sent share prices of some E&P companies well below the net asset value of their oil reserves. But Will Riley says this "valuation gap" has created opportunities for investors; the consensus is that oil prices will trend higher in the long run, and there are lots of "good stories" in east Africa's exploration potential.
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Comments (1)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    I agree 100%. Now if only Wall Street analyst would "analyze" companies and investors would buy "real" companies and not some stock of the week!Maybe share this info w/IBD and their followers!
    29 May 2012, 03:22 PM Reply Like
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