Tamarack Up 100% since few months agoTamarack energy TVE Strong Buy
.... GOLDMAN SACHS says Oil Tight market Oil Going to $65 Barrel
Goldman sees demand rebounding by March, with the arrival of warmer weather and increased vaccinations. Ramping up output at that point will take time, and the bank predicts a crude deficit of 1.3 million barrels a day from April to July “despite OPEC+ increasing production by 4 mb/d, a historically tall order.”
“Net, we believe today’s outcome will help support prices in the face of demand risks given Saudi’s commitment to balance the market, the potential for them to cut more than demand actually disappoints, (and) risks of a tighter 2Q21 balance.”