A Bargain Bet On Oil: While Oil Itself Is Overbought, This Attractive Oil & Gas Company Is Oversold
Portfolio Pulse from David Pinsen
The article discusses the current overbought status of oil and suggests an investment opportunity in Evolution Petroleum Corporation (NYSE:EPM), which is currently oversold. Despite a recent earnings miss due to downtime and maintenance issues, the company's fundamentals remain strong with zero debt and plenty of cash on its balance sheet. The author suggests buying EPM stock or selling puts on it as potential investment strategies.
September 20, 2023 | 2:20 pm
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Evolution Petroleum Corporation (NYSE:EPM) is currently oversold, making it an attractive investment opportunity. Despite a recent earnings miss, the company's fundamentals remain strong.
The article suggests that EPM is an attractive investment opportunity due to its oversold status and strong fundamentals, despite a recent earnings miss. This could potentially lead to a short-term increase in the company's stock price.
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