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