Why oil services firms are the best play on the oil price
Stronger balance sheets than producers
Gareth Rudd of Chelverton
Is it too late to benefit from the oil price rally? The valuation of oil stocks - oil service companies in particular - remain attractive.
Larger integrated oil stocks have historically displayed poor capital discipline, and high oil prices tend to be met with higher taxation rates - but stewardship of capital is now improving, capex has...
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