The misfortunes of the people when the benefits, a saying applies to the reality after the Houthi attacks by drones on oil facilities belonging to Aramco in eastern Saudi Arabia last Saturday.
Some US oil companies are preparing to take advantage of the attacks and the ensuing rise in crude oil prices, Bloomberg reported.
The biggest beneficiaries of the attacks are US oil companies such as Apache Corp, Continental Resources, Consho Resources, Devon Energy and Noble Energy, the agency quoted Tudor Pickering Holt as saying.
The bank said in a note on Sunday that it expected strong performance in all energy sector today, and that the initial exploration and production stages will see some gains, as the rise in the price of crude will lead to an immediate improvement in the movement of cash.
The bank cautioned that the performance of corporate stocks may not last long as investors continue to focus on the imbalances in the key crude indices for 2020.
Among those likely to benefit from failures in Saudi oil facilities following Saturday's attacks are Canadian oil producers such as Meg Energy Corp, Canadian Natural Resources Ltd. and Sinovas Energy.
The only losers are oil refineries, which will have to buy oil at high prices, but that may not affect the value of their shares on Monday, according to the Tudor Pickering Holt, based in Houston, Texas.
Oil prices rose 20 percent in early trade on Monday, with Brent crude jumping to around $ 72 a barrel, while West Texas Intermediate crude oil rose 15.5 percent to $ 63.3 a barrel, according to Reuters.