Oil & Gas Earnings Set To Surpass Expectations

In the first look at a series of earnings reports in the energy sector from the third quarter, there is a bit of a mixed picture offered up on the sector’s performance. Most analysts are pretty pessimistic about what is forthcoming. The third quarter encompassed a period of time in which both oil and natural gas prices fell. It also saw investor scrutiny continue to rise, the rig count continue to fall, and production gains showed more signs of flattening out. “We expect oil and gas company results to be downbeat for US operations,…