Energy prices may be falling and the “global economy has been in the toilet,” but Raymond James Energy analysts believe energy stocks are at the bottom of a cyclical downturn, and as “strong commodity fundamentals” become visible in the first quarter,” the stocks will begin to rise again. In the Stat of the Week on Jan. 7, the analysts noted that balance sheets are stronger, the industry has consolidated and absolute energy prices are “meaningfully higher today” than they were in the last downturn in 1999.
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Raymond James: Good Time to buy Energy Stocks
Energy prices may be falling and the “global economy has been in the toilet,” but Raymond James Energy analysts believe energy stocks are at the bottom of a cyclical downturn, and as “strong commodity fundamentals” become visible in the first quarter,” the stocks will begin to rise again. In the Stat of the Week Monday, the analysts noted that balance sheets are stronger, the industry has consolidated and absolute energy prices are “meaningfully higher today” than they were in the last downturn in 1999.
January 8, 2002
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