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Standard & Poor's Equity Research reiterated a positive outlook on the integrated oils and refiners sector.
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Large-cap refiners could outperform the sector, but Bank of America would remain neutral on smaller-cap refiners.
Petroleum refining, fabricated metals, and electrical services all compete to have the most disproportionate impacts -- and it is the companies associated with these sectors, including refiners like ExxonMobil, Hess, and Valero, and defense contractors like General Dynamics and Northrop Grumman, that land among the top ten for whom minorities and the poor bear the highest health risk.
Expectations for global economic recovery may be lifting growth prospects across certain sectors but oil refiners are expected to languish with low margins for some time to come.
The research firm maintained a "market underweight" sector rating on independent refiners.
Refiners and drilling companies were the sector's sweethearts, posting annual gains of 62% and 45%, respectively.
The number of disk refiners are determined by the refining energy, as used in the previous section.
Petroleum refiners, meanwhile, got 2.25percentt of these allowances, although the transportation sector accounts for about 40percentt of emissions.
Although they've reduced their exposure to the energy sector in the past six months, Kam is still bullish on the refiners.
But the sector has been historically volatile, and some analysts caution that the refiners are vulnerable to any economic downturn, either globally or in the United States, and higher natural gas prices that could be caused by a cold winter.
Think of it this way: Refiners are not so much selling fuel as selling refining services.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com