Goldman Sachs talked to more than 100 investors about the historic oil market meltdown. Here are their top 5 questions “” and what the firm thinks about each one, from dividends to the prospects for oil stocks.

Goldman Sachs talked to more than 100 investors about the historic oil market meltdown. Here are their top 5 questions “” and what the firm thinks about each one, from dividends to the prospects for oil stocks.

US crude oil traded in the negative double-digits on Monday for the first time in history, as contracts for oil to be delivered in May neared their expiration date.. A collapse in global demand for oil wrought by the coronavirus pandemic has been forcing prices into the ground since March.. Since oil started tanking, Goldman Sachs analysts have talked with more than 100 investors and answered five of their most pressing questions.. Read more: The price of US crude oil just went negative for the first time.. In the wake of each meltdown, "Big Oil" equities have recovered, Goldman Sachs analysts, led by Michele Vigna, wrote in the note.. "During the periods, Big Oil equities had initially moved abruptly lower, in line with the Brent oil price move, before eventually disconnecting and broadly stabilizing," Vigna said.. "While historically, capex cuts have mostly materialized in the one year-plus following an abrupt downturn in the commodity price, this time around, Big Oils have responded quicker to the commodity price move, having on aggregate already announced" about 20-30% of capex reductions," he said.. Read more: A top energy analyst says dividends of these 7 oil majors are unsustainable - and shares