Synopsis
The oil industry is likely to continue to experience tough times in 2020 through a combination of excessive new oil supplies and weak demand growth.
The severe slide in E&P share prices during 2019 suggests that much of the bad news may be priced in. Already, there are some E&P stocks that offer investors attractive returns even in a low oil price environment. And, when the oil sector benefits from improved sentiment heading towards 2021, the best managed companies will perform strongly for investors.
In this article I aim to highlight the best investment