Watch Leon Cooperman break down energy stocks and the future of capitalism

Leon Cooperman at Delivering Alpha, September 19, 2019.
Adam Jeffery | CNBC

(This story is for CNBC Pro subscribers only). 

Billionaire investor Leon Cooperman said Thursday on "Squawk Box" that the stock market is fairly valued and capitalism in the U.S. may be permanently changed, but he is confident about his holdings in the battered energy sector. 

The chairman and CEO of the Omega Family Office said that he expected increased government regulation of companies and higher taxes after the pandemic, and that he was "very conservative" about investing at current market levels.

More In PRO Uncut

CNBC ProWatch Friday's full episode of Mad Money with Jim Cramer — March 5, 2021
watch now
CNBC ProNutanix CEO on supporting remote work and building subscription business
watch now
CNBC ProTrex CEO talks disrupting the wood market with composite decking and railing products