Analysts Recommend Norwegian Offshore And Shipping Stocks
Wednesday, October 06, 1999
Norwegian offshore oil and shipping stocks are a good buy for investors who have time to wait to realize profits, according to analysts. Four out of six analysts said the sectors are especially attractive for share price growth, but warned that third-quarter profits were unlikely to be pleasing, stating that results for that quarter will be based on sluggish activity in the oil sector, which is expected to pick up in the first half of 2000.