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Julius Erving

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Julius Erving

Re: Tamtam post# 7800

Tuesday, 03/15/2016 8:22:25 AM

Tuesday, March 15, 2016 8:22:25 AM

Post# of 18778
It's not just Peter,

http://www.wsj.com/articles/oil-rout-crimps-sectors-presence-on-u-k-s-ftse-100-1457935383?mod=yahoo_hs

LONDON—Not long ago, the oil sector was a powerhouse in the British blue-chip index. Nearly 24% of the total market value represented in the FTSE 100 in 2009 comprised oil drillers or oil-service companies.

In 2016, the percentage is down to 12%. Only two oil companies are in the FTSE 100—BP PLC and Royal Dutch Shell PLC—down from eight in 2012, when it was the biggest sector on the index.

Energy stocks have never reached...
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