Synopsis
There has been a relentless beat of negative news in 2019 about a slowing global economy, about a faltering US economy, about damaging trade wars, about the growth of electronic vehicle and so on. Because of the sensitivity of oil towards an economic slowdown, we have witnessed investors abandoning oil shares all through the year. This flight of capital is overdone and it has thrown up a handsome opportunity to make gains over coming weeks as a number of positive catalysts emerge.
Introduction
Throughout 2019, shale oil stocks have been on a relentless slide.