Deutsche Bank Warns, Energy Stock “Valuations Are Unsustainable” Unless Crude Hits $70 By 2H15

Wednesday, February 11, 2015
By Paul Martin

by Tyler Durden

We previously noted the extreme spike in S&P Energy sector stock valuations (and the fact that energy sector earnings will have to surge by 70% in order for this exuberant to be ‘discounted’ correctly). Now Deutsche Bank has run the numbers and warns that in order for S&P Energy to now be trading at what we would consider a fair ~15x normalized EPS, $70/bbl oil must return and be sustained by 2H15.

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