The Oil and Gas Industry Offers Value Investors Interesting Bargains
Nearly 50% of all small- and mid-cap stocks in the oil and gas industry in America are being sold and bought at less than the firms’ book values, the worst level from the pandemic era. This trend has piqued the interest of value investors, particularly those who follow the Ben Graham and Warren Buffett school of thought. Stocks that are priced lower than the assets on their books present classic value investing opportunities dubbed "cigar butts", and energy companies are currently full of them. The energy sector has been under pressure lately, becoming the number two worst Q2 performer on…