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What's next for US energy firms

Wall St brokerages have slashed fourth quarter estimates for energy firms by over 7 per cent in the last 30 days

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Independent refiners and integrated oil majors such as Exxon Mobil that combine exploration with production, refining and distribution, are expected to brave the storm fairly well.

New York

WITH nearly a quarter of US energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month.

The broad energy S&P 1500 index