TSX:PWT - Post Discussion
Post by
makedonka on Apr 23, 2017 10:20pm
US drilling growth shows first signs of cooling off at $50
"
It’s not surprising to see the rig count continue to build from the carry-over from recently higher commodity prices,” Luke Lemoine, an analyst at Capital One Securities in New Orleans, said Friday in a phone interview. “But the rate of change has slowed over the past several weeks. If commodity prices persist here, we expect the rig count to flatten out fairly soon.” Citigroup Inc. joined Goldman Sachs Group Inc. last week in retaining a strong outlook on commodities, saying oil will probably rally to the mid-$60s by the end of the year."
https://gulfnews.com/business/sectors/energy/us-drilling-growth-shows-first-signs-of-cooling-off-at-50-oil-1.2015417
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