Goldman Sachs has upped its oil price forecast in recent weeks and named a number of global stocks it believes will ride the crude recovery wave.
In a note last week, analysts at the investment bank named a bunch of lesser-known stocks set to benefit from these market dynamics, particularly in less saturated markets.
They also see “tailwinds” for corporate earnings and share price performance in one region in particular, where equity markets and consumer sentiment are “highly correlated” with oil markets.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.