'Bargain' energy stocks: Morningstar strategist picks 5 to buy as oil prices slip
Heightened geopolitical tensions have triggered volatility in crude oil prices, but one strategist is looking keenly for opportunities in the energy sector. It was among the laggards last year, but things have turned around with many stocks now trading near all-time highs. Stephen Ellis, energy and utilities strategist at Morningstar, said oil market volatility does present challenges and urged investors to be patient, which "regularly pays off within energy.
TC Energy, SLB Morningstar has a four-star rating on TC Energy and gives it a fair value estimate of $47, giving it downside of around 4.2%. The investment research firm gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued. It also has a four-star rating on SLB, previously known as Schlumberger. "We remain optimistic about SLB's long-term outlook.
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