The big European Oil CompaniesCould Make Buybacks Worth $20 Bn In 2022; Repsol Is One Of The Top Sector Tips
Morgan Stanley | Looking ahead to Q4 results, we expect earnings growth for the sector of 16% Q/Q. This is thanks in part to the fact that the average price of oil in the quarter has been almost $80/bbl (up 9% Q/Q). And in general, the price of natural gas rose to maximum levels, with the prices of NBP up (on average) 87% Q/Q, while those of Asian liquified natural gas…