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JB CALLABLE MULTI BARRIER REVERSE CONVERTIBLE AUF CHEVRON, EXXON MOBIL, PETROLEO BRASILEIRO

JB CALLABLE MULTI BARRIER REVERSE CONVERTIBLE (55%) ON CHEVRON, EXXON MOBIL, PETROLEO BRASILEIRO

  • Energy stocks continue to be heavily undervalued relative to their own valuation history and to oil prices.
  • Energy has historically been the best performing sector in periods of falling purchasing managers’ indices and rising yields.
  • With the global energy sector likely to continue to benefit from the current macro backdrop, Julius Baer Research reiterates its ‘Overweight’ call.
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