With the oil price recently reaching $60 per barrel for the first time since July 2015, many investors are becoming more bullish on the outlook for oil and gas companies. After all, a higher oil price could mean that their profits also move upwards. However, the oil price faces sustained pressure from the impact of new technology, while demand from the emerging world may not be as strong as previously expected. Further, rising production from non-OPEC producers may also limit the progress of the oil price in the near term. Still, with valuations potentially being low and a number of companies in the sector having adapted their business models to a low oil price environment, could these two stocks be worth buying for the long term? |
Ingen kommentarer:
Send en kommentar