Huatai Securities: Focus on energy oligarchs with the ability to increase production and reduce costs, as well as incremental natural gas business with high dividends.

date
27/12/2025
Huatai Securities research report indicates that in the long run, considering the marginal costs of major oil-producing countries and the demand for "quality over quantity", the core support level of oil prices is around $60 per barrel. Energy leading enterprises with the ability to increase production and reduce costs, as well as incremental growth in the natural gas business, may present opportunities for allocation.