Energy stocks are undervalued, Morningstar analyst says BOSTON (MarketWatch) -- Paul Larson, editor of the Morningstar StockInvestor newsletter, said the stock market is pricing energy stocks as if "oil prices are going much further than they have already fallen," which has made many energy stocks cheap. "Only if oil really falls out of bed will these stocks be overvalued," said Larson, who pegged the price of oil in such a situation at under $80 per barrel. During a radio interview with Chuck Jaffe, MarketWatch senior columnist, Larson put a buy rating on Ultra Petroleum Corp. and a hold on Western Refining Inc. in the energy space. He made USEC Inc. a buy and Randgold Resources Ltd. a hold, noting that both are more stocks for short-term traders than for buy-and-hold investors. He put cautious buy ratings on National...
[read full story]
Your Web Site
