Why oil's undervalued

The pipelines will be built, and they'll be tapped into new low-cost technology, says sector analyst Joe Gemino

Ruth Saldanha 28 October, 2019 | 1:57AM

 

 

Ruth Saldanha: Last month oil markets were shocked with an attack on a Saudi oil production facility. And for a while the oil markets and by extension, oil stocks were volatile. Now that the immediate shock has worn off, what is likely to happen. We released a report that said we believe that the energy sector is undervalued. Morningstar equity analyst Joe Gemino is here with us to talk about what he expects from Canadian energy and stocks.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Cenovus Energy Inc5.99 CAD1.70
Enbridge Inc40.15 CAD-0.12

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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