Oil & Gas Prices - June 19
Posted: Fri Jun 19, 2020 1:54 pm
Opening Prices:
> WTI is up $1.39 to $40.23/Bbl, and Brent is up $1.20 to $42.71/Bbl.
> Natural gas is up 1.1c to $1.649/MMBtu.
Closing Prices:
> WTI prompt month (JUL 20) was up $0.91 on the day, to settle at $39.75/Bbl.
> NG prompt month (JUL 20) was up $0.031 on the day, to settle at $1.669/MMBtu.
"Oil futures settled higher Friday, with U.S. prices posting a gain of 9.6% for the week. The Organization of the Petroleum Exporting Countries and its allies on Thursday made moves to ensure that certain countries make up for failing to fully meet their output-cut targets last month.", said David Madden, market analyst at CMC Markets UK. "The historic cut in output was a sign the nations mean business, and now that the group is putting pressure on countries that are not fully complying, it reinforces the idea that the group is determined to boost the price." - MarketWatch at 3:35 PM ET
This weekend I will be reviewing all of my valuations for the Sweet 16 Growth Portfolio companies. I will be using the following WTI oil price assumptions in the models.
$27/bbl for Q2 2020
$35/bbl for Q3 2020
$40/bbl for Q4 2020
$50/bbl for Yr 2021
The next edition of The View From Houston newsletter is scheduled to be published on Tuesday, June 23.
> WTI is up $1.39 to $40.23/Bbl, and Brent is up $1.20 to $42.71/Bbl.
> Natural gas is up 1.1c to $1.649/MMBtu.
Closing Prices:
> WTI prompt month (JUL 20) was up $0.91 on the day, to settle at $39.75/Bbl.
> NG prompt month (JUL 20) was up $0.031 on the day, to settle at $1.669/MMBtu.
"Oil futures settled higher Friday, with U.S. prices posting a gain of 9.6% for the week. The Organization of the Petroleum Exporting Countries and its allies on Thursday made moves to ensure that certain countries make up for failing to fully meet their output-cut targets last month.", said David Madden, market analyst at CMC Markets UK. "The historic cut in output was a sign the nations mean business, and now that the group is putting pressure on countries that are not fully complying, it reinforces the idea that the group is determined to boost the price." - MarketWatch at 3:35 PM ET
This weekend I will be reviewing all of my valuations for the Sweet 16 Growth Portfolio companies. I will be using the following WTI oil price assumptions in the models.
$27/bbl for Q2 2020
$35/bbl for Q3 2020
$40/bbl for Q4 2020
$50/bbl for Yr 2021
The next edition of The View From Houston newsletter is scheduled to be published on Tuesday, June 23.