The major integrated oil & gas sector is now on special offer. Companies are trading at some of the lowest valuations in the last 50 years and the sector appears too hard to pass up for any value investor.
Having said that, company returns on equity and assets are the lowest that they have been at any point during the past decade. Nonetheless, the oil majors still support extremely clean balance sheets with plenty of room for borrowing to buy up growth. Indeed, with many oil-bearing regions such as Kurdistan and...
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