Weighting Down UK-Listed Oil and Gas Shares
Using Brent as a global proxy benchmark, we find that the oil price continues to skate around $60 per barrel. That’s a far cry from $115 we saw last summer. So after two months into the not so New Year, and having received the latest financial data from many UK-listed oil and gas companies, it is worth revisiting or rather re-weighting their share target price.
Putting things into context, from a high of $113 per barrel recorded on 13 June, 2014 in the immediate aftermath of ISIS hitting Read more [...]