Oil and natural gas 6 month 1 year and five year predictions ?
- Thread starter HighStickHarry
- Start date
One month - $40 to $45 per barrel
One year - $35 to $40 per barrel
Five years - $65 to $75 per barrel
If the republicans can pass a bill allowing U.S. producers to export oil that will help a lot. I can see Iran attacking Sadia Arabia due to oil prices. This is what the super models that I'm hot tubbing with are saying
One year - $35 to $40 per barrel
Five years - $65 to $75 per barrel
If the republicans can pass a bill allowing U.S. producers to export oil that will help a lot. I can see Iran attacking Sadia Arabia due to oil prices. This is what the super models that I'm hot tubbing with are saying
I think they'll go low enough and stay there long enough until Putin is shown the door.
Within the year, they will likely be back at the $65-$75 mark. BTW, there is almost certainly more profit to be made by exporting refined crude products than crude directly, so even if Congress were to allow for export of crude products, it's not like a lot of producers and refineries are going to jump on that opportunity.
Within the year, they will likely be back at the $65-$75 mark. BTW, there is almost certainly more profit to be made by exporting refined crude products than crude directly, so even if Congress were to allow for export of crude products, it's not like a lot of producers and refineries are going to jump on that opportunity.
Oil:
6 months - $35
1 year - $55
5 years - $80
Gas:
6 months - $2.50
1 year - $3.50
5 years - $3.50-$4.00
6 months - $35
1 year - $55
5 years - $80
Gas:
6 months - $2.50
1 year - $3.50
5 years - $3.50-$4.00
I think oil is about at the bottom. We have a 1% oversupply which caused a 50% sell off. I think much of the downward momentum is just that...group selling. I believe it tests a little lower, maybe $42ish over the next month and then it floats back up to around $50 by end of Q2, $60-$65 by year end. Next year I think we head back up around $80.
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Oil:
6 months = $45
1 year = $60
5 years = $90
NG is more weather dependent on a seasonal basis.
6 month = $3.25
1 year = $3.75
5 years = $4.50
6 months = $45
1 year = $60
5 years = $90
NG is more weather dependent on a seasonal basis.
6 month = $3.25
1 year = $3.75
5 years = $4.50
Once I release the instructions on my DIY cold fusion reactor the prices will be 0.
I almost have the finishing touches in place.
If I die mysteriously in the next couple of weeks, you'll know why.
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I almost have the finishing touches in place.
If I die mysteriously in the next couple of weeks, you'll know why.
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One of the big what ifs is which unstable country blinks first? Venezuela, Iraq, Nigeria, Algeria...All of these countries and others (incl Russia) need $100+ oil to balance their budgets and the Saudis pissing match with the US can only be sustained for so long
If prices persist like this for a few more months, you'll see oil men have already cashed out a few years back (or those that still have dry powder) doing precisely this to get opportunites form cash starved companies such as Sandridge, for example.
Question.... Why is iy a good thing to change the laws to allow for the export of crude oil. I would think it is not in the best interest of the US. Wouldn't that allow China to come in and buy up reserves like they have elsewhere?
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I'm well aware of that. I'm also aware that UGA is off more than 50% over the last 52 weeks, and that it tends to rise sharply when prices come off their bottoms.
Glove, my post was directed at the one asking why gas predictions were 2.50...
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Gasoline at .89 would be sold at a huge loss to the station. There is anywhere between 30 cents and almost $1 in fed, state, local taxes, and then the raw gasoline price of about $1.35 before it hits a terminal to get additives.
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ETF's.
UGA is United States Gasoline Fund LP; it's designed to track in percentage terms the movements of gasoline prices (it tracks RBOB, the commodity unleaded gasoline).
XOP is a SPDR which tracks the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
don't you think most have as well? hedged. Doesn't all that change around Jan 1? I guess it depends on when you hedged but I seem to remember a lot of guys getting nervous around that date.
devon was smart 15 years ago
i’m sure their people love looking at stack and scoop out the windows
just as sure the northeast side of the building over looking logan and payne county is blacked out
except for a honeypot west of calumet they got the crumbs
they were gung ho on shit wells that crashed in a month in payne county losing millions
they knew they were drilling crap yet kept right on after it
while continental and newfield hit it big stack and scoop
every c-level exec shoulda been unceremoniously shown the door
This phrase could be applied to the vast majority of the industry. Institutional investors finally called bullshit, hence why there's been a bloodbath in equities the last 6+ months.
Big boys gonna buy up the little ones. PE money gonna dry up. Permian gonna start coming in under projections. Lack of investment in fracking equipment in recent years. Cost to drill continuing to decrease.
Ready for another boom in a few years.
Ready for another boom in a few years.
No one hit it "big" in the STACK no matter what the press releases tell you. Just looking at the rig count will show you that.
Chesapeake warning today that if prices stay at this level they are going to have a hard time maintaining debt ratios. There is substantial doubt they would be able to continue as a "going concern"....as they put it. I guess they have a lot of alternatives on what to do if that happens.
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