Have Oil Prices Driven E&C Stocks Too Low?
With oil prices down nearly 40% for the year, engineering and construction (E&C) firms have also taken a beating because a drop in oil & gas capital spending would directly impact their bottom line. While it’s true that oil & gas majors will need to reassess their asset allocation decisions to account for falling prices, Sterne Agee analysts Michael S. Dudas and Patrick Uotila argue . . .
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