100bp underweight position on oil and gas sector closed

11/01/05 - Deutsche Securities

LONDON, November 1 (newratings.com) – Analysts at Deutsche Bank close their 100 basis points underweight stance on the oil and gas sector.

In a research note published this morning, the analysts mention that oil and gas stocks fell more than 10% since the end of September, underperforming the market by more than 5%. The recent sell-off in oil and gas is likely to have bottomed out, the analysts say. Deutsche Bank has trimmed its overweight position on Heath Care and Insurance stocks from 100 basis points to 50 basis points each.