Monday, February 04, 2013

Energy Majors Vulnerable to Terror Attacks in Africa

Concentration of production and reserve assets in such unstable markets as North Africa and the sub-Sahara means operating profitability of certain energy companies could be adversely impacted in the event of another jihadist attack. Drillers with significant hydrocarbon reserves vulnerable to disruptions in Libya, Egypt, and Nigeria include energy majors Eni SpA (E-$48.30) and Total SA (TOT-$53.11) and U.S.-based producers Apache Corp. (APA-$83.57) and Marathon Oil (MRO-$34.17).

Continue Reading at YCharts: Which Oil Companies Are Vulnerable in the Wake of Algerian Terrorist Attack?

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

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