Europe’s Big Oil Is a Buy as Cuts Point to Recovery at Last
Energy companies are finally starting to come back into favor. After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europes biggest producers are regaining fans as analysts bet earnings bottomed last quarter and will now start to recover.
While Total SA, the regions second-biggest oil company, will probably post the worst quarterly performance since 2009, it also has the highest proportion of buy ratings in a year, according to analysts surveyed by Bloomberg. Despite similarly bleak ...
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