Oil & Gas Sector Update - Oil price plunges amid emerging glut
  • 29 Nov 2018
  • Sector Reports
We lower our 2019 average Brent oil price base case assumption from USD75/bbl to USD70/bbl. A lower oil price assumption negatively impacts three of the seven stocks under our coverage in the O&G sector. For GAS, we cut our 2019 earnings forecast by 4.4%