With Oil Prices Down further, Oil Stocks Looking Less CheapMark Melin
With oil prices headed lower in 2015, a Sterne Agee report says prices on oil-related stocks “do not look cheap.”
The report predicts that U.S. oil growth trajectory, which has been moving lower, “is likely to persist” through the first half in 2015. Report authors Tim Rezvan and Truman Hobbs say the current oversupply in global crude markets will continue until signs of U.S. production decreases become evident, which they say is . . .
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