Failed Oil Price Recovery Slams Energy Stocks

The oil price recovery that analysts and investors were
expecting early this year have failed to materialize, battering the
energy sector stocks in 2017. Shares of energy companies are set to
book their steepest monthly drop in August since the end of 2015,
when the oil price crash was in full swing. U.S. energy companies
reported at the end of July and early August generally better
earnings compared to last year’s low comparison base, but this was
not enough to convince investors to start seeing the stocks as
attractive. Some companies trimmed…

The oil price recovery that analysts and investors were
expecting early this year have failed to materialize, battering the
energy sector stocks in 2017. Shares of energy companies are set to
book their steepest monthly drop in August since the end of 2015,
when the oil price crash was in full swing. U.S. energy companies
reported at the end of July and early August generally better
earnings compared to last year’s low comparison base, but this was
not enough to convince investors to start seeing the stocks as
attractive. Some companies trimmed…