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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

MARKET TIP

The Spokesman-Review

The rule of thumb is usually simple for investors in oil companies. When crude prices trend higher, shares of oil companies generally will as well. When oil is falling, stocks will fall along with it. These days, it doesn’t seem to matter. With oil sloshing in record territory, shareholders in oil companies are minting money either way. “Energy stocks are significantly undervalued today,” said David Spika, investment strategist at Westwood Holdings Group Inc. “The market has been unwilling to accept the current price (for crude oil) … But the supply-demand imbalance that exists is not going to go away anytime soon.”