RE:GS : oil stocks have a 20% to 50% upside potential Indeed, as per the article, most of the European supermajors are still down substantially.
RDS-B from Jan 3, 2020 (pre-covid) to Feb 19, 2021 is still down 39%
BP over that time period is down 44%
REPYY is down 24%
TOT is down 19%
That being said, plenty of bargains to be had in North America. no need to look for value that far abroad...if you are interested in large cap energy exposure in North America, SU is still down 44%
If you think that institutional investors in North America hate fossil fuels, the Europeans are on a whole other level.
fellowship wrote: https://www.marketwatch.com/articles/the-big-oil-stocks-that-goldman-says-have-up-to-50-upside-ahead-of-a-global-recovery-51613666854