Oil prices vs Oil stock prices. Interesting chart enclosed at the bottom of the article. Pretty much says that oil stock prices (for S&P oil stocks) are overpriced (historically) vs the current oil price. Oil would need to be $73/barrel to bring the ratio back to average.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.