Investors shun oil and gas stocks due to underperformance
A survey finds the energy sector has fallen out of favour because of poor performance, but BlackRock expects a terminal decline
14 January 2020 - 16:52
Investors have retreated from oil and gas stocks, although not for the reason one might think, a survey by global intelligence provider IHS Markit has found.
Even though environmentalists and investors alike are increasingly calling on companies to be more accountable for their environmental footprints, it would appear the oil and gas sector has fallen out of favour with investors, largely for economic reasons...
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