Oil Price Forecasts - Sept 6

[dan_s]

My "take" is that in a "normal world" the Right Price for WTI is $65 to $75 per barrel. I am assuming $65 average WTI price for all future periods in all of my forecast/valuation models.
HOWEVER, WE DO NOT LIVE IN A "NORMAL WORLD" where everyone gets along. We live in a world where "unplanned" supply disruptions occur on a regular basis AND we have the potential for a big supply disruption happening in the 4th quarter.

Watch these three videos:

https://www.cnbc.com/video/2018/08/30/o ... lduff.html

https://www.cnbc.com/video/2018/09/03/i ... xpert.html

https://www.cnbc.com/video/2018/08/30/i ... latts.html

[jb2257]

I have been trying to figure out why this sector is so out of favor when the price of oil is holding up pretty well. No one wants any of these stocks. Every time they get a little traction the sellers come in. Very discouraging for energy investors!