Investment bank Goldman Sachs has been looking at the oil industry and finding the stocks to buy. The picture is looking good as we enter 2020, but there’s still background to understand.Falling prices and a slowing rate of production increases have put pressure on the US oil sector in 2019. The coming year is looking good, however, as Q1 is generally seasonally strong for US oil companies. Exploration and production budgets are renewed with the new year, and toward the end of the quarter, as the weather improves, fracking activity and rig counts begin to recover.Perhaps anticipating a rising quarter, …read more
Source:: Yahoo Finance
