SaxoTV
Do you know just how far European energy firm stocks have fallen?
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Are traders getting the full facts on the fall in European energy firm stocks? The answer's 'no' according to Saxo Bank's Head of Equity Peter Garnry who argues that some sell-side analysts are under-estimating the impact of low oil prices on earnings estimates for European energy companies .
The European energy stock sector has been the worst performing in 2014, falling around 30% year-to-date. Peter argues that analysts seem reluctant, in some cases, to accept that the low oil prices are here to stay and therefore projections for firms which have based business plans on a higher oil price are not reflecting true market pricing.