GREY:BXEFF - Post by User
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RichyRich$on Mar 11, 2020 12:29am
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Post# 30791690
Goldman Sachs Believes Low Oil is Bullish for Natural Gas!
Goldman Sachs Believes Low Oil is Bullish for Natural Gas!We believe a sharp reduction in U.S. shale oil drilling would, all else equal, be positive for natural gas prices, Goldman Sachs Equity Research analysts led by Brian Singer wrote in a note to clients early Monday. We estimate if our covered producers invest on the basis of $30-45/bbl WTI over the next five quarters, we will see more than 1 Bcf/d net less U.S. gas production.