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iShares Oil & Gas Exploration & Production ETFIEOBUYJun 10, 2022Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
Energy has been the worst sector, but now it's the cheapest at 10x price to free cash flow and 12x PE. The median return in S&P energy is -3% vs. 30% for all S&P. 54% of IEO's names are negative, but he predicts some will be discovered this quarter. Problem is WTI is up 1% this year at $71. When WTI moves up, so will these stocks.