Equity markets are discounting oil prices as low as $70/bbl, which has sent share prices of some...
Equity markets are discounting oil prices as low as $70/bbl, which has sent share prices of some E&P companies well below the net asset value of their oil reserves. But Will Riley says this "valuation gap" has created opportunities for investors; the consensus is that oil prices will trend higher in the long run, and there are lots of "good stories" in east Africa's exploration potential.
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