Where Are Commodity Prices Headed? Leading Analysts Make Their Predictions at The Oil & Services Conference(TM) 14
The 14th edition of EnerCom’s The Oil & Services Conference(TM) is in the books. Here is a compilation of webcasts from some of the leading analysts who presented at the event. They provided their outlooks on the state of the current cycle, commodity prices and geopolitical factors.
- Brian Uhlmer with GMP Securities said the rig count will continue to decline, bottom could be 400 rigs or less and had some interesting things to say about OilService names, including Energy Recovery and U.S. Silica.
- Fredrik Andersen with DNB ASA noted problems with data quality (i.e., the reported supply and demand numbers do not match with change in inventories) and offered the bank’s predictions that oil will be at ~$55/bbl in the next six months.
- Tom Petrie from Petrie Partners talked about geopolitics and recent developments in key oil producing countries in the Middle East.
- John Gerdes with KLR Group estimated that U.S. oil plays need ~$82.50 NYMEX to generate even a modest return.
We hope these webcasts provide you with some additional insight, as you think about your plans for 2016 and beyond. Please contact EnerCom with any questions on how we can help with analytics, insight and marketing.
Put it on the calendar! The 21st edition of EnerCom’s The Oil & Gas Conference(R) 21 coming this August in Denver, and we are looking forward to seeing you there.