Posted on 06/26/2017 12:32:20 PM PDT by bananaman22
The current selloff in energy stocks is but an opportunity for buyers, according to a Thursday note from Goldman Sachs’ European energy team, who added that current prices are likely unsustainable in the long run.
“We…see the sell off as an attractive buying opportunity in our favored stocks, including Total and Lundin, whilst we have also started to see investor interest in higher beta stocks that have sold off such as Tullow,” said Goldman.
(Excerpt) Read more at oilprice.com ...
IMHO oil will range from $40 to $60 for the foreseeable future.
OPEC is Dead
I am of the opinion that the range will be $35 to $45
And ObungHole said Gas will never be lower again:-)
While I’m personally happy to see regular unleaded falling below $2.00 a gallon locally, I’m keenly aware of what that does to domestic fracking and drilling. I want them to thrive, I’m sick of sending money to people who want to kill me.
Saudi Arabia’s Aramco is going public and they want a huge IPO of nearly 2 Trillion dollars. They need oil up for that. I’ve heard estimates of $60 at years end.
Yes I agree. Oil prices will ease back up. Everyone should enjoy the gravy train while they can.
FWIW the US Rig Count has added almost 160 rigs since the first part of March, and 6 just last week.
Good. If the per bbl keeps falling that will not continue to be the case, though.
Oil will be at 46.76 in two weeks.
And by the way, my Really Cool Stock, RCS on Nasdaq,
has bottomed out. Everybody should buy RCS by the boat load.
I agree for what it is worth.
Goldman Sucks must be long ot something.
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