European Energy_Too easy to be bearish
Environmental Defense Fund·2025-01-12 05:33
本文档仅供上海信鱼私募基金管理有限公司18860455898研究使用，请勿外传 ab 8 January 2025 Global Research European Energy Too easy to be bearish The European Energy sector lagged the market in 2024 driven by the combination of EPS downgrades (-25%) and uncertainties related to OPEC+ policy. However, looking ahead, we think fears of a sharp decline in oil prices are overdone and see a number of positive developments, including the return of EPS momentum, falling breakevens and transition strategies evolving in favour of RoACE. Meanwhile, t ...