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Feb
24
Tim Lambert
Big Oil Asset Selling is Bullish
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Many “Big Oil” firms such as Royal Dutch Shell (NYSE: RDS-B), the second largest in the world, Occidental Petroleum (NYSE: OXY), and BP PLC (NYSE: BP), Europe’s second largest, have been selling assets. That would seem to imply that there is a bearish future for the sector. ┬áBut it is the opposite for oil and […]