By SIMON CONSTABLE
Favorable valuations, a change in investor outlook, and a surge in oil prices could lift the stocks of major European oil producers.
“If you have a broad rally in energy, I think it is safe to say that both European and American investors will look at some of the big oil names globally and find them interesting,” says Steve Chiavarone, a portfolio manager at Federated Investors in New York. “Those companies with bigger dividends will become attractive again.” Read more here.