Oil, Gas & Consumable Fuels - S&P Industry Surveys

Oil, Gas & Consumable Fuels

Oil, Gas & Consumable Fuels - S&P Industry Surveys
Oil, Gas & Consumable Fuels
Published Apr 25, 2018
62 pages — Published Apr 25, 2018
Price US$ 695.00  |  Buy this Report Now

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Brief Excerpt:

...In mid-2017, CFRA s outlook for the oil, gas & consumable fuels industry moved from negative to neutral. Now, in early 2018, we retain our neutral outlook, even though energy stocks are beginning to stage a recovery and, for the first time in a long time, are actually outperforming the S&P 500 (although by a de minimis amount). Nonetheless, we see several reasons for continued wariness, including still somewhat-high forward valuations on the biggest energy names, along with high debt levels and weak interest coverage. Much like the energy bust in the early 1980s, the latest incarnation of an energy bust (which started in October 2014) has been mainly supply-driven. Our view remains that it will take disappointing supply to usher in a new boom cycle for the energy sector, and while we do anticipate that another boom cycle will (eventually) emerge, we do not anticipate it happening over the next 12 months. In the prolific Permian Basin, for example ­ the poster child of the U.S. light tight...

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S&P Industry Surveys—Standard & Poor's Industry Surveys track more than 50 North American industries. Each report is authored by a Standard & Poor's industry research analyst and includes information about the current industry environment, industry trends, key industry ratios and statistics, how to analyze a company, a glossary of terms and a comparative company financial analysis.

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Cite this Report

S&P Industry Surveys. "Oil, Gas & Consumable Fuels" Apr 25, 2018. Alacra Store. May 25, 2018. <http://www.alacrastore.com/storecontent/S-P-Industry-Surveys/Oil-Gas-Consumable-Fuels-2149-75>
S&P Industry Surveys. (2018). Oil, Gas & Consumable Fuels Apr 25, 2018. New York, NY: Alacra Store. Retrieved May 25, 2018 from <http://www.alacrastore.com/storecontent/S-P-Industry-Surveys/Oil-Gas-Consumable-Fuels-2149-75>
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