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Citi: Oil Could Fall 60% From Here

Benzinga.com
0 Comments| April 9, 2015

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Now that winter has drawn to a close, analysts at Citi Research released a new report updating their outlook for the oil and gas exploration and production (E&P) sector.

Despite a brutal near-term forecast for oil and gas prices, analysts list several E&P names that they believe are well-positioned to capitalize on the eventual rebound in oil and gas prices.

Worst Yet To Come For Oil And Gas?

According to the report, this winter was about 6 percent colder than the ten-year average, and yet the cold winter failed to provide a boost to slumping natural gas prices. Now that cold-weather demand is no longer in play, analysts are lowering their projected natural gas prices based on increasing domestic production and falling coal prices.

/www.benzinga.com/analyst-ratings/analyst-color/15/04/5394562/citi-oil-could-fall-60-from-here alt=Citi: Oil Could Fall 60% From Here>Full story available on Benzinga.com

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