...Over in sellside, Jefferies has a big E&P review out. Enquest and Aker BP go onto the “buy” list “as the levered cashflow winners”. There’s a rejig of forecasts on a Norway tax break and a bit of fantasy M&A, which seems to be obligatory in E&P notes at the moment. Lundin and Serica Energy are also upgraded with Tullow and Cairn remaining on “underperform” and most other things are “buy”.
The charts are good:
....MUCH MORE
