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The beaten-down oil sector appears to be pricing in $80-$85/bbl Brent crude, but Barclays sees...

  • Monday, September 19, 2011, 4:28 PM ET
    The beaten-down oil sector appears to be pricing in $80-$85/bbl Brent crude, but Barclays sees long-term Brent crude settling closer to $100, and that means it’s time to buy. On a risk-adjusted basis, Barclays likes HES, IMO and SU for offering the best values over the next 12 months; HSE and MRO are least attractively valued.
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    They are basing their assessment on NAV not on short or long term assessments of consumption or the global economy. I have a hard time looking at oil using that metric.
    20 Sep 2011, 07:27 AM Reply Like
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