4.4 C
New York
Sunday, December 4, 2022

Subscribe

Oil valuations: gushing cash flows are not being reinvested

The US-Saudi scuffle has boosted oil prices. Oil is hovering around $95 a barrel, not far off where it was a decade ago. European oil stocks, however, are pricing in a whole different world. Back then, the Euro Stoxx oil and gas index traded at 10 times forward earnings. It is now at five times — …

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

159,594FansLike
407,687FollowersFollow
2,140SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x