Posted on 11/10/08
Italy PM urges investors to buy energy stocks
Italians should buy shares in the country's two largest energy companies while their prices are low, Prime Minister Silvio Berlusconi said yesterday. "Now is the time to buy into Eni and Enel as the shares will reach their true value again [after the crisis]," Mr. Berlusconi said yesterday. He said the shares of oil and energy firm Eni SpA and electricity company Enel SpA are currently "undervalued" as they both continue to be profitable. In Milan, ENI fell €1.07 to €13.79; ENEL fell 42 euro cents to €4.60 ($7.25).
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