It’s no surprise that the current malaise in the energy sector has wreaked havoc on the various energy stocks. As oil prices have cratered, so have share prices for the entire sector. However, as they’ve fallen, that’s opened up plenty of opportunities for investors looking for bargains. And investment bank and asset manager BlackRock, Inc. (NYSE:BLK) has one top-notch suggestion — focus on big oil. According to BlackRock’s chief investment strategist Russ Koesterich, big oil has the goods to keep producing gains for investors in the upcoming months.
And now could be the time to buy these energy stocks. Koesterich’s research shows that big oil is trading for just 1.5 times book value, forward price-to-earnings multiples that are below the sector’s history and an average dividend yield of 4%. While Koesterich didn’t name names, there’s plenty of big oil bargains. Here are three of the best to buy today: Royal Dutch Shell plc (ADR) (RDS.A), Chevron Corporation (CVX) and Total SA (ADR) (TOT).
Source: InvestorPlace
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