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. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible