Summary
THE spiralling cost of a barrel of oil has meant one-way traffic - upwards - for shares of the leading UK oil explorers in recent years.
The share price performance of the big players BP, BG Group and, to a lesser extent, Royal Dutch Shell have mirrored the performance of the oil price during the past couple of years or so. But just like the oil price, the stock market does not go up in a straight line and some brokers are now asking themselves if the big oil companies have run their course.See the full content of this document
Extract
Teather Fears Oils May Be Running Out of Fuel
One of those is Teather Greenwood, which has taken a closer look at the sector now that BP, BG and Shell have reported their first- quarter earnings....
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