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Big Oil Is a Buy as Cutbacks Pave Way for Recovery

  • Shell has highest percentage of buy ratings in three years
  • Third-quarter earnings seen marking low point before rebound
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Are Oil Prices in the Process of Finding a Bottom?

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Energy companies are finally starting to come back into favor.

After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe’s biggest producers are regaining fans as analysts bet earnings bottomed last quarter and will now start to recover.