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Energy Oil & Gas E&P

Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of... see more

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Enerplus Corp > Another Oil Price Projection

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Post by retiredcf on Mar 01, 2023 12:20pm

Another Oil Price Projection

Energy market to be sloppy short term, but we could see WTI at U.S. $90/bbl by summer: Michael Tran

Michael Tran, managing director of global energy strategy at RBC Capital Markets, provides his energy outlook. Tran says the market will struggle for now, but eventually, China reopening and Russia's cutting output will support the price of crude. He adds demand for crude in the U.S. has softened amid recessionary risks. However, he notes oil demand won't be as relevant given supply will continue to tighten, which will drive prices up.

https://www.bnnbloomberg.ca/video/energy-market-to-be-sloppy-short-term-but-we-could-see-wti-at-u-s-90-bbl-by-summer-michael-tran~2638061

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