LyondellBasell: Too Cheap To Ignore

Summary

• I argue that LYB's current valuation levels have become too attractive to ignore.
• I believe the stock has already priced in all of the market's fears about high NG prices and has proven it can pass its costs growth onto end customers.
• I expect the company to feel a lot less pressure in 2022 than it did in 2021.
• Meanwhile, LYB is increasing its dividend, reducing long-term debt, and actively growing revenue and EBITDA values while increasing its marginality.
• Compared to the rest of the sector, LYB looks the cheapest at current levels. That's why I recommend long-term investors to keep an eye on this stock.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in LYB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.