UMI - Energy Names With Room To Run - David Bahnsen Joins Alpha Trader (Podcast)

This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher talking with David Bahnsen, chief investment officer of The Bahnsen Group, and the author of There's No Free Lunch: 250 Economic Truths. Among the topics discussed: While the energy sector has been red-hot this year, it’s hard to say things are frothy, says Bahnsen. He notes yield spreads remain high, price-to-earnings and price-to-cash flow multiples remain low, and stock prices for many exploration and production companies are down 30%-50% from the last time oil was in the $80 per barrel area. He notes Chevron (CVX) just had its best cash flow quarter ever, and Exxon’s (XOM) capital discipline during the tough times is paying off in a big way. As he said during his May appearance on Alpha Trader, Bahnsen believes there’s no more under-appreciated sector in energy than the midstream space, i.e. the players involved in transporting,

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Energy Names With Room To Run - David Bahnsen Joins Alpha Trader (Podcast)