A memo discussing the potential investment opportunities in the oil sector, highlighting its current valuation, trends in WTI and Brent prices, and capital discipline. It includes insights from Lucas Herrmann of DB research and mentions the Lex Column's view on improving capital returns. The memo suggests short-term strategies involving relative spread and outperformance calls between SXEP and cyclical sectors like chemicals (SX4P).
documents/vol00010-efta01461560-pdf.pdf
{"key_people":["Pierluigi Amicarella","Lucas Herrmann"],"document_type":"correspondence","key_locations":["Zurich, Switzerland"],"document_subtype":"memo","key_organizations":["Deutsche Bank (Suisse) SA","DB research","Lex Column"],"reference_numbers":["DB-SDNY-0123687","SDNY_GM_00269871","EFTA01461560"]}