strategy

Publication date: 6 Feb 2020 | Publication type: National Institute Economic Review | External authors: Jaffe, A M | JEL classification: Q35, Q55, L1 | Journal: National Institute Economic Review Issue 251 | Publisher: Cambridge University Press
There is evidence that the risk of stranded assets in the oil and gas sector is underpriced in financial markets. Publicly traded Western oil and gas companies are starting to write down assets, opening up the possibility that more rationalisation of value is likely to come. To the extent that...