Our Global Investment Strategy service argues against buying energy-related equities.
from BCA Research
[...] Based on price-to-book, price-to-earnings, and price-to-sales, the energy sector looks relatively cheap today compared with 2004 (the last time that real oil prices were at current levels). That said, the prospect of significant asset write-downs, negative earnings revisions, and lower sales all suggest that these valuation measures may present a misleading view of the underlying health of energy companies.
Continue Reading at Blog.BCAResearch.com…
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from BCA Research
[...] Based on price-to-book, price-to-earnings, and price-to-sales, the energy sector looks relatively cheap today compared with 2004 (the last time that real oil prices were at current levels). That said, the prospect of significant asset write-downs, negative earnings revisions, and lower sales all suggest that these valuation measures may present a misleading view of the underlying health of energy companies.
Continue Reading at Blog.BCAResearch.com…
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