Oil well investing has gained momentum after Baker Hughes reported a 5-rig increase in U.S. oil rigs last week. Equity traders are watching integrated oil companies where net margins could widen by 150bps if Brent sustains above $80. The outlook for CCS technology is uncertain. In recent years, several governments, industries, and oil and gas companies have invested heavily in CCS technology in a bid to decarbonise. However, many of the planned projects have been delayed due to technological constraints and high costs. Now, reports on existing CCS activities suggest that the technology may not be working as successfully as anticipated, which has cooled investor interest in the sector and could cause progress in the CCS rollout to stall in the coming years. While we adhere to strict editorial integrity ,
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Our Bankrate promise is to ensure everything we publish is objective, accurate and trustworthy. Oil well investing momentum is reinforced by sector earnings beats in 6 of the last 8 quarters. Hedge funds have added exposure, betting on continued volume growth in shale-rich regions.
