Tieske schreef op 17 maart 2025 11:47:
Morgan Stanley sticks to its "in line" stance on European energy sector as downside risks outweigh the upside ones, and keeps its calls positioned for soft oil prices
"The oil market still sets the tone. However, with demand uncertainty due to tariffs, and both OPEC and non-OPEC supply growth, we foresee a modest surplus" - MS
It sticks to "overweight" on Shell , saying
its strong balance sheet and robust FCF make it "the most resilient play against this 'soft' backdrop"
It also keeps its "overweight" on Equinor given its exposure to European gas as MS sees
outlook for gas markets substantially better than for oil markets