Integrated Oil‘s business model is highly diversified across the hydrocarbon value chain and across geographies, and such a business model is an important risk mitigator in a Brexit scenario, believe analysts at Morgan Stanley. Martijn Rats and colleagues said in their June 17 research piece titled “Oil & Gas – Brexit Scenario – Implications for the Majors” that the sector may witness a larger impact from sentiment and “macro” moves in the event of a Brexit vote.
Sterling and euro could drop in Brexit scenario
Rats and team focus on two areas in which the operations of the European Majors are likely to be impacted in the event of a vote to leave: currency and uncertainty and capex decisions. The analysts believe the impact...
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