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Bargains galore in oil stocks? Asks Paul Curtis

By Chris Oil | Sunday 30 November 2014


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Oil and gas companies have suffered a three year bear market resulting from concern that US Shale Oil production growth would lead to oversupply. This has now come to pass, oil has plummeted from $115 a few months ago to $72. Oil companies have suffered a further sharp mark down and most trading at large discount to tangible assets.


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