Energy’s middlemen aren’t getting the attention or valuations they deserve, according to Citi analyst Timm Schneider, who thinks that the stocks have the potential to rise 45%, on average.
The companies that transport oil from wells to refiners, store it for later use, or process it to be shipped overseas, have lagged behind the broader market along with the better-known oil giants and producers this summer. Oil prices have fluctuated for the past few months, rising above $70 in June but failing to get much higher. Read the full article here.
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