Doug Terreson, Energy Research: Big oil earnings will double next year

Energy stocks have been on a tear this year, and Wall Street’s top-rated analyst thinks they’ve got more room to run in 2017 — roughly twice as much room to be exact.

Big oil earnings are poised to double next year as crude prices continue to march higher and oilfield services costs remain depressed, said Doug Terreson, head of energy research at Evercore ISI and Institutional Investor’s top-rated analyst for integrated oil.

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