This is just one of major oil companies which is undervalued. But The whole energy and oil/gas sector both mid cap and large cap are underperforming for the past years.
Time to get long in to that.
Technicals of this specific company: a simple break out.
Political situation: Oil is emotional /political risk asset and now we have major escalation with US/IRAN and Oil fields in mid east are at major risk. Also US oil production showed weakness in recent months, further decreasing the supply.
Time to get long in to that.
Technicals of this specific company: a simple break out.
Political situation: Oil is emotional /political risk asset and now we have major escalation with US/IRAN and Oil fields in mid east are at major risk. Also US oil production showed weakness in recent months, further decreasing the supply.