Energy stocks have room to go higher, even after a wild run this year, says one strategist.
“They’re still cheap if you look at it on most metrics,” Tortoise portfolio manager Rob Thummel told Yahoo Finance Live this week.
“The market is really rewarding companies that have positive earnings and free cash flow. That’s what this sector has,” said Thummel,” I still think there’s room for it to continue, even if oil prices stay the same, or even if they fall a little bit.”
Thummel says…
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