Oil Sector Earnings Starting To Stabilize?Mark Melin
Since the beginning of the year, the stock of ExxonMobil has lost significant ground, down near 10% on the year. This is in contrast to British Petroleum, which is near breakeven, and Shell, which is up close to 10% year to date. While the stock sector beta is a challenge to calculate based on these three diverging stocks, With the oil trading near $50 per barrel, Moody's analysis points to slowing if steady oil and gas sector EBITDA . . .
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