Morgan Stanley believes that U. S. crude oil stocks are at a free cash flow inflection point, valuations are very cheap.
Morgan Stanley's energy group turned highly bullish again, believing that the "energy switch between the old and the new" made energy stocks profitable.
Looking ahead to 2022, Morgan Stanley believes that crude oil stocks will echo the resumption of the global economy and still believes in the supercycle theory that oil prices exceed $100.
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