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Stockchase Opinions

Josh Brown, CEO, Ritholtz Wealth ManagementiShares Oil & Gas Exploration & Production ETFIEOBUYAug 26, 2022

A pure play on oil producers, which sat out the bull market this summer. But that bull market is now reversing.
$95.20

Stock price when the opinion was issued

$107.06

As of Jun 18, 2026. Market Open.

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WEAK BUY

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.

BUY

He's bullish oil and oil stocks, that stocks will close the gap with the rise in crude oil.

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The only bull market these days is energy (and utilities).