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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
26% Why Morgan Stanley likes energy stocks

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The European energy space is forecast to enjoy 26% compound annual growth in earnings per share over the next three years, according to Morgan Stanley. That’s the highest of any sector.
This bullish earnings estimate is based on a price of $58 per barrel of oil. Even on a bear case of $51, ‘oil majors would grow faster than any other sector’ says the investment bank.
Reiterating its ‘overweight’ position on energy, Morgan Stanley notes relative valuations are close to three decade lows.
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