I just took a snapshot of the front page of Yahoo Finance, CNBC.com, and Bloomberg.com:

 

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Bloomberg.com @ 1725 EST

cnbc

CNBC.com @ 1725 EST

Yahoo Finance - Business Finance, Stock Market, Quotes, News_2014-12-11_17-20-41

Finance.Yahoo.com @ 1725 EST

WHO WOULD EVER BUY AN OIL STOCK???

Apparently, nobody.

Energy companies as a whole have been blowing up left and right and now sell at a decent discount to the market.

OIL

Oil specific names are getting killed and they are also getting cheap (at least on an enterprise multiple basis).

Of course, cheap things can get a lot cheaper. Nonetheless, the long-term track record of buying cheap stuff is pretty clear (or here).

Here are the Top 10 cheapest energy names that are at least $2B in market cap (many have a large exposure to oil):

TickerNameEBIT/TEV YieldPercentile Cheapness Rank
PBF US EquityPBF ENERGY INC-CLASS A22.26%99.90%
VLO US EquityVALERO ENERGY CORP20.98%99.80%
RIG US EquityTRANSOCEAN LTD18.16%99.70%
SM US EquitySM ENERGY CO17.22%99.50%
OIS US EquityOIL STATES INTERNATIONAL INC16.72%99.40%
HP US EquityHELMERICH & PAYNE16.29%99.20%
IOC US EquityINTEROIL CORP15.61%98.70%
WNR US EquityWESTERN REFINING INC14.85%98.10%
OXY US EquityOCCIDENTAL PETROLEUM CORP14.17%97.70%
NOV US EquityNATIONAL OILWELL VARCO INC14.13%97.70%

If you’re a value investor, this should be exciting–not scary…


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