Infill Thinking Lifting the O&G knowledge curve
In this update, two quick charts to illustrate relative Wall Street sentiment divergence across the oilfield value chain. It’s been a rough year for O&G stocks in general, with the OSX index underperforming the S&P 500 by 42% year-to-date. But to really understand how Wall Street views the oilfield value chain, you have to drill down to the sector level.
We broke an O&G universe of 70 publicly traded companies into 12 sector categories. To show relative Wall Street sentiment by sector, we calculated average short interest (shares shorted as a percentage of float) and year-to-date stock price performance for each segment of the oilfield value chain. These relative strength measures provide insight on sector trends (and how the capital markets view such trends).
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feature photo credit: Wikimedia Commons
