JP Morgan has examined 73 oil companies temporary investment budgets for 2015 and concludes that both national, international and independent operators planning deeper cuts than previously.
It goes according to TDN Finans forward an update Monday
This survey indicates a cut across the industry at 5.1 percent, but the warning is that it is early days, and cuts, according to analysts become so deep as 15 percent.
JP Morgan characterizes prospect of oil as “still very challenging,” and believe according to news agency that this may lead to further consolidation of the industry.
Analysts see according TDN Finans further downside in seismic and shows especially to its underweight recommendation on PGS. TGS and CGG neutral weight.
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