This drop is not expected to last, however, as
increasingly low oil prices are paving the way for strong profits.
Not exact matches
As the
oil sector becomes
increasingly focused on margins, Parex benefits from the
low costs in that country, without the market access problems that impose a discount on crude
prices in Western Canada.
With
oil prices now above the long - term average,
oil consumption is no longer getting a boost from
low prices and is
increasingly reliant on strong economic growth around the world.
«We believe the bias for stock
prices in general remains to the upside, underpinned by a growing economy,
low interest rates and
increasingly, cheaper
oil... With operating margins at elevated levels, top line growth is poised to more quickly bleed through to the bottom line, thus supporting earnings.»