Took this from the BESPOKE site. I am wondering the same thoughts, are the oil stocks ahead of the oil price or is this a trend that can continue? I question on this as I work in this industry and have a lot of investments in it. I think that as long as oil stays in the $70 – $90 range we will see the company stocks continue up. the PE for most of these is at low compared to many other sectors but the past has also been “boom” and “bust” so my fear is are we aimed at a boom? I have no clue on the direction or outcome but feel that we are just in the beginnings of a unprecedented growth surge
“And Now the Rest of the Story – “Oil stocks are high but is there more?