INDUSTRY TREND

Does Big Oil's Bull Run Have Legs?

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  • The oil and gas sector could be at a turning point among investors, as baskets of energy equities begin to outperform the broader market based on factors such as a more bullish outlook for oil.

  • Some less closely watched sections of the energy sphere are quietly posting the highest gains, as Chinese national champions and US refiners outpace the Western majors' strong performance.

  • Continued outperformance is possible with potentially strong first-quarter earnings to come, but investors have become more skittish about holding oil stocks for the long term.

The Issue

Topics:
Corporate Strategy, Equity and Debt Markets, Majors, NOCs, Regional Integrateds, Refining, Oil Prices
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