Barclays: The North American E&P Sector At 50% Premium Of Historic PERupert Hargreaves
Barclays came out with a note this week entitled “Profiting from the Valuation Gap between Share Prices and the Oil Curve”. The bank notes that the shares of North American E&P companies in the oil sector appear to be discounting $95/bbl WTI, well above the forward curve.
There is no historical precedent for E&P valuations to be trading at such a large premium to the forward curve for an extended period. And, based on these historical trends, Barclays believes that the valuation gap . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click Chat.