Oil Stocks: ‘Risk of Significant Damage Being Inflicted’

Wells Fargo’s Roger Read contends there’s “risk of significant damage being inflicted to the energy sector.” He explains why: Bloomberg News With West Texas Intermediate (WTI) oil’s recent trading dip below $40/bbl, the old maxim of the market can remain irrational longer than one can remain liquid is being tested. Our take is that even […]