Morgan Stanley: Oil Stocks Are Very Interesting Now

The oil industry is a pretty interesting sector now as it has
lagged year to date, it’s under-owned, and has much better value
historically, Andrew Sheets, chief cross asset strategist at Morgan
Stanley, told CNBC on Friday, joining the growing chorus of other
analysts who have recently turned bullish on European and U.S. oil
stocks. The oil sector has lagged the move in oil prices which have
been creeping higher and now sit higher than a year ago, Sheets
said.   The industry is also interesting because now it is in
a very different…

The oil industry is a pretty interesting sector now as it has
lagged year to date, it’s under-owned, and has much better value
historically, Andrew Sheets, chief cross asset strategist at Morgan
Stanley, told CNBC on Friday, joining the growing chorus of other
analysts who have recently turned bullish on European and U.S. oil
stocks. The oil sector has lagged the move in oil prices which have
been creeping higher and now sit higher than a year ago, Sheets
said.   The industry is also interesting because now it is in
a very different…