RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bonterra End Game?well, efficient...................... your final comment in the post ends up being very, very interesting as this morning Goldman came out with the SAME call - $80 plus oil........................................................
efficientmyass wrote: Sentiment driven driftdown, pure and simple. crude actually finished up on the day....Edomnton par ever stronger than WTI....but negative headlines re inventory builds (compeletely normal at this time of year due to refinery maintenence) weigh on E&P shares.
"lower for longer" and "$50 supply response" themes are alive and well.....breeding neagtive sentiment; it will take rising prices for longer to flip,the switch.
Summer of 18 will be interesting.....could see $70-80 WTI if demand remains strong.