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The Energy Disconnect: High Oil, Low Valuations, Big Upside?
Market disconnect: Oil supply is disrupted and prices are high, yet energy stocks barely moved. Valuation gap: Energy trades at a large discount to the S&P 500 despite rising earnings expectations. Capital discipline: Producers aren’t repeating past boom‑and‑bust cycles; spending remains restrained. Cash generation: High prices + low capex = surging free cash flow across the sector. Structural support: Supply recovery will be slow, and governments still need to refill reserve
5 hours ago1 min read
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