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Phoenix from the ashes: Investors pile into smaller European oil groups

Reuters  |  LONDON 

By Shadia NasrallaLONDON (Reuters) - Investors have sent shares in European oil exploration and production (E&P) focussed companies like Premier, Tullow, EnQuest and Faroe, soaring, and some fund managers say they have not peaked yet.Shares in smaller and mid-cap British oil companies are outperforming the London FTSE blue chip index and their larger competitors, riding the wave of rising oil prices much higher than oil majors."The sector has performed quite well, but not as well as it might have done, we've only just started the rally," said Paul Mumford, senior fund manager at Cavendish ...

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First Published: Thu, May 17 2018. 18:23 IST