IXC: Oil Stocks Face Near-Term Risks But I Remain Long


The outperformance of global oil and gas stocks over the past few years has been incredible, and largely justified by rising oil prices, but the rally now appears to have become overextended relative to the price of the commodity, at least

IXC Vs Front-Month Brent Crude Oil (Bloomberg)

IXC Vs Brent Crude Oil For Delivery In 2025 (Bloomberg)

Bloomberg, Author’s calculations