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Barchart
Pathikrit Bose

4 Undervalued Energy Stocks to Buy Now, According to Morgan Stanley

Morgan Stanley Oil Devon Energy Occidental Petroleum OXY ConocoPhillips COP Diamondback Diamondback Energy FANG

Investors might be overlooking some prime opportunities in the energy sector, according to a new research note from Morgan Stanley (MS). While Wall Street has been hyper-focused on mega-cap tech and artificial intelligence (AI) stocks, it's actually energy stocks that have contributed the most to overall S&P 500 Index ($SPX) earnings in the post-pandemic era, according to the firm's research.

And according to industry forecasts, the global oil and gas market is expected to top $9.4 trillion by 2028, even amid an ongoing push toward more sustainable energy sources.

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