Fredriksen: Stay away from the oil service sector
John Fredriksen warns against the oil industry, especially after his own drilling giant Seadrill has taken a big hit from the sliding oil price, though he does expect the oil price to rise again, according to Dagens Næringsliv.
BY KATRINE GRØNVALD RAUN
Norwegian John Fredriksen is now warning against entering the oil industry, where he is already present with several companies, most noticeably through drilling giant Seadrill, which has taken a big hit from the declining oil price and the subsequent changes in the market.
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