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Energy sector may prove expensive even if results beat estimates
2015-07-25 02:24:05| IT Services - Topix.net
REUTERS: The battered energy sector may begin to brighten a little as companies report second-quarter results, but barring a big increase in the price of oil, the sector won't be able to sustain even current share prices going forward, analysts and investors say. Oil prices have fallen at a much steeper clip than energy shares in the 13 months since June 23, 2014 - when oil prices hit a nine-month peak - keeping valuations high even as share prices have plunged.
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Category:Information Technology