Oil Price - Jan

[dan_s]

Opening Prices;
WTI is up 28c to $53.42/Bbl, and Brent is down 1c to $59.31/Bbl.
Natural gas is up 2.7c to $1.929/MMBtu.

I thought I told you guys to keep the oil price over $60 until I returned from my vacation!

It appears that the only thing pushing oil lower is FEAR that the new virus in China will wreck their ecomomy and thus lower global oil demand. Just remember that all previous FEAR's like this were way overblown and had very little impact on the economy.

Susan & I are at sea today heading to Grand Cayman. We will be flying home on Friday.

All of the forecast / valuation models on the EPG website are macro driven. To see what lower oil prices in 2020 do to my valuations you just need to change the 2020 oil, gas and NGL prices at the bottom.