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Energies 2018, 11(2), 448; https://doi.org/10.3390/en11020448

The Share Price and Investment: Current Footprints for Future Oil and Gas Industry Performance

Department of Accounting and Audit, The Bucharest University of Economic Studies, Romana Square, No. 6, 010374 Bucharest, Romania
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Received: 1 January 2018 / Revised: 10 February 2018 / Accepted: 13 February 2018 / Published: 19 February 2018
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Abstract

The share price has become a very important indicator for shareholders, banks, and financial institutions evaluating the performance of companies. The oil and gas industry seems to be in a difficult era of development, due to the market prices for its products. Moreover, climate change and renewable energies are barriers for fossil energy. This state of affairs, and the fact that oil and gas shares are considered one of the most solid and reliable shares on the London Stock Exchange (LSE), have drawn our attention. International institutions encourage the investment in the oil and gas economic sector. This study investigates how investments of oil and gas companies in long-term assets influence the share price. Using the Ohlson share price model for a sample of 51 listed companies on the LSE proves that investments in long-term assets influence the share price in the case of companies which record losses. Investments in long-term assets are responsible for the attractiveness of the oil and gas company shares. View Full-Text
Keywords: energy market; oil and gas industry; investments; share price; performance energy market; oil and gas industry; investments; share price; performance
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
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Jianu, I.; Jianu, I. The Share Price and Investment: Current Footprints for Future Oil and Gas Industry Performance. Energies 2018, 11, 448.

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