- Some analysts say oil prices have bottomed, but some of those same analysts also say investors should not jump into energy stocks now.
- Evercore ISI's Ed Hyman notes that the six previous V-shaped drops in oil actually double-bottomed, taking roughly two months to form, and that shares of oil companies bottomed with or after the second low in oil in every instance.
- Barclays' Thomas Driscoll is "less bearish" on oil prices given the weaker than expected company issued capex guidance and corresponding supply expectations, but remains "quite bearish" on E&P shares, which he believes already discount an oil price recovery to $80-$85/bbl.
- Cumberland's David Kotok is not sold that the bottom is in, still seeing more downside risk to the price than upside potential.
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