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"Should XOM cross to positive territory, it would be an encouraging sign for other oil and gas stocks and for oil price."
Dec 30 11:50 am
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All Comments by BrotherMaynard »China and Russia Fuel Global Energy Growth [View article]
On the contrary, Credit Suisse reported yesterday:
"At $40 [per barrel] oil and $5.50 [MMBtu] gas (closer to current spot prices), the E&Ps are trading at a 65% premium-to-proved NAV with the gas names at a 75% premium versus 55% for the oilier names."