UPDATE: Does it pay for your company's directors have open relationships?
After lowering our forecast for oil and gas prices, fair values across the energy sector have generally dropped, but some E&P and midstream names are reasonably valued, says Morningstar's Matt Coffina.
Examining the impact of abundant low-cost supply--and uncertainty in global oil markets--on the domestic natural gas complex.
Oil prices are likely to rebound from here, but robust U.S. supply will ultimately cap upside.
The Gold-rated T. Rowe Price Capital Appreciation manager also discusses the fund's recent growth picks and attraction to BB-rated bonds.
Current valuation levels imply mediocre total returns and an elevated risk of a material drawdown.