Since the beginning of the year, the stock of ExxonMobil has lost significant ground, down near 10% on the year. This is in contrast to British Petroleum, which is near breakeven, and Shell, which is up close to 10% year to date. While the stock sector beta is a challenge to calculate based on these three diverging stocks, With the oil trading near $50 per barrel, Moody's analysis points to slowing if steady oil and gas sector EBITDA growth in 2018 after strong year over year growth basis June. Even with oil and gas sector earnings stabilizing, however, there is a slight caution flag apparent, leaving investors to wonder if the energy sector will be a Setup a free account to get access to this article (no credit card required).Login required to continue reading.
Oil Sector Earnings Starting To Stabilize?
Mark Melin
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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
