2024 Oil and Gas Outlook by Mercer Capital

[dan_s]

"Overall, it appears that oil is positioning itself as an increasingly valuable commodity in 2024 whereas natural gas remains closer to neutral. Smaller players are trying to stay cash flow positive and get a good return on their new wells, while larger players are spending more time sharking around and eyeing smaller companies to get growth and cost synergies. Either way, until the delayed LNG markets get ramped up, oil appears to have valuation’s upper hand over natural gas in 2024. We will see where it goes from here."

Read full article: https://mercercapital.com/energyvaluationinsights/2024-oil-and-gas-outlook/

Note that geopolitical supply risk is not mentioned.