It is a matter of time before the oil companies start acting for real and begin to reduce their investment levels for the coming years as a result of the extremely low oil price. The first companies will make announcements already in the coming weeks, cutting pieces off future investments, while many others will follow suit in the months ahead when they will have to present their expected Capex 2015 in relation to annual reports for last year, several analysts tell ShippingWatch.
One of these is Albert Collet, Chief Investment Officer and partner in one of the major funds managing Nordic shares, Arctic Asset Management.
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