The Daily Reckoning Australia
 
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Dear Reader,

There’s one stock recommendation I’d like to share with you…

Because I think it’s the most compelling energy investment on the ASX today.

It’s a $26 billion blue-chip pick that dominates five of the most oil- and gas-rich regions in Australia and North America.

It had a healthy 71% margin and a revenue of US$3.8 billion during the first half of 2022.

And thanks to such a strong performance, it managed to return $605 million to shareholders through dividends and share buybacks.

But despite this stock’s enormous potential, I think it’s significantly undervalued.

At the time of writing, it’s trading at 53% below from what I estimate its actual value is, based on my proven valuation methods.

That makes it a smart bargain buy in my book.

Plus…

I predict that this stock will see continued upside based on reasons I outline in my latest briefing.

The main thesis is that the world is about to face an enormous energy crunch — one that would dwarf the oil crisis of 1973.

But the crunch could also kickstart a multiyear energy boom.

And investing in high-quality companies that can take advantage of this — like the stock I just mentioned — could help you profit from this trend.

Everything you need to know is in my briefing.

Access it here.

Best,

Greg Canavan Signature

Greg Canavan,
Editor Director, Fat Tail Investment Research

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