London-based equity analysts Westhouse Securities said the recent slide from $114 to $85 in Brent prices “has exacerbated the substantial underperformance of the UK-listed E&P sector relative to the market in recent weeks; however, we suggest that this has thrown up some interesting opportunities for investors”.
Westhouse Securities said that the Alternative Investments Market presented an increased opportunity after “a torrid time since the start of the year" in which the sector has lost more than third of its value, leaving many explorers increasingly under-valued in comparison to their asset bases.
The
