JPMorgan On Finding Value In The Distressed Oil Sector – ValueWalk Premium

JPMorgan On Finding Value In The Distressed Oil Sector

Oil prices have finally found a floor, with Brent crude up 1% today and WTI roughly flat, but if there isn’t a larger rebound in the months ahead we could see double-digit default rates in an industry where debt has been accumulating on the assumption that prices would stay high. Even though this would put a lot of stress on the sector in the next few years, it could set up some big winners in the long run.

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