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Credit Suisse Takes Investors Back To School On U.S. Oil Majors And Refiners

The depressed energy sector may provide one of the few value opportunities in a pricey stock market today. In a new report, Credit Suisse analyst Edward Westlake discussed the firm’s investment strategy among global majors and U.S. oil refiners.

When it comes to oil majors, Westlake sees relative value in European and Canadian stocks compared to their U.S. counterparts. In the near term, he believes OPEC production, global demand concerns and high inventory levels will continue to challenge a recovery. However, Credit Suisse is predicting that the oil market will eventually rebalance by the end of 2017.

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