Equities: Easing concerns to re-rate Europe oil majors


Europe oil majors are big laggards among global peers. We believe concerns over their dividend and green policies, which are the main reasons for their underperformance, should start to ease. With rising oil prices and Energy being a major sector weight in Europe, global investors may start to look at this Value sector positively, as they turn increasingly positive in Europe, leading to its re-rating.