Gauging the O&G recovery

Dateline 2019-02-25, The Edge:

Two months after hitting fresh record lows, share prices in upstream oil and gas (O&G) companies have recouped some losses after crude oil prices staged yet another climb this year.
However, the backdrop is eerily similar to 2018 — Opec extended production cut, which lifted oil prices and consequently the O&G counters regained some shines, share prices rebounded from multi-year lows.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: