Over a barrel?
Ingham Analytics have issued an Energy Monitor, a new theme which looks at developments in the broad energy basket. The MSCI Global Industry Classification Standard or CIGS includes Energy, which comprises companies engaged in a wide range of activities in the value chain. This new analysis takes assesses current developments affecting companies. “Over a barrel?” features BHP, ExxonMobil and Sasol. BHP in fact is not just iron ore as it has a large and growing petroleum division and has recently engaged in a corporate action that suggests oil could be bottoming out. What about ExxonMobil, the stock has been hit but is there value? And Sasol, is selling the family silver going to stave off a rights issue or not?
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