Is there light at the end of the tunnel for junior Oil & Gas companies?16 Aug 2019 09:10
Recent weeks have seen oil prices tumble by more than 10pc as fears over the economic impact of a US/China trade war have pushed demand growth down to its slowest rate since the financial crisis. Such severe macro conditions have taken their toll on companies operating in the sector, with many hitting multi-month lows as investors seek out alternative opportunities in healthier looking parts of the market.
While this gloominess remains, Tuesday provided investors with an important reminder that oil prices can go up as well as down. Indeed, the black stuff rose by more than 3pc to $60.32 a barrel (Brent) after the US said it would remove some products from its China tariff list, easing global trade concerns. Here, we look at some of the junior UK oil stocks that could benefit if Tuesday’s rise evolves into a sustained rally.
https://total-market-solutions.com/2019/08/16/junior-oil-gas-review/