The energy sector is coming back into favour amid the volatility in technology stocks. Britannic As...
The energy sector is coming back into favour amid the volatility in technology stocks. Britannic Asset Management is positive on energy stocks, where it has 6.5% invested, versus 5.3% in the S&P 500 index. The energy sector is up by 1% relative to the broader US market. Most of that outperformance has been achieved in the oil services, exploration and production companies, says Douglas Wright, US investment manager at Britannic. Wright says within the energy sector, the oil subsector is promising, based on a positive outlook for earnings, and the fact that the higher oil prices are no...
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