Where We See Opportunity in the Oil Price Slide
OPEC's decision to maintain production quotas has sent oil prices lower and created a number of good opportunities to buy quality businesses.
A broad range of energy stocks took a battering in the aftermath of OPEC's Thanksgiving Day meeting, opening up opportunities to buy some high-quality franchises at a discount.
We doubt that consensus among member countries was achieved at the meeting, but the 30 mbbl/d target output was maintained anyway, dashing any lingering hope that the cartel would defend a higher price level by removing supply.
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