Did The Budget Do Enough For Premier Oil plc, Enquest plc And Ithaca Energy Inc.?

The Chancellor was widely expected to take action to assist the struggling North Sea oil industry in his Budget, and sure enough he did. George Osborne believes his measures will stimulate an extra £4bn worth of investment and lead to 120m extra barrels of oil being pumped. So why didn’t share prices soar on the news yesterday?

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.