SYDNEY (AFX-ASIA) – Oil companies in the Asia Pacific region have strong prospects for earnings upgrades and achieving superior returns due to rising crude oil prices, with high dividend yields supporting the downside, analysts with Merrill Lynch said in a research note. Oil prices have risen by 55% over 2002 and large-cap oil companies are…
COMPANIES: Asia/Pacific oil companies earnings face possible upgrade – Merrill Lynch
Posted on October 7, 2002 by EnergyAsia