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TLW is obviously totally correlated to the price of oil based on recent evidence but don't despair - "Goldman, like most analysts, sees a dip in output from U.S. shale producers as the key to higher oil prices. A ramp up in shale oil output over the past year has reduced U.S. imports and offset production cuts by OPEC producers and Russia to leave oil prices wallowing near their lowest point since November.The dip in oil prices has been accompanied by falls in oil stocks that has created opportunities to buy in some of Europe's strongest names, claims Goldman."We ... see the sell off as an attractive buying opportunity in our favored stocks, including Total and Lundin, whilst we have also started to see investor interest in higher beta stocks that have sold off such as Tullow," wrote the bank."
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