3Q16e WTI prices look set to average ~US$44.50/bbl vs. our $50.00/bbl prior estimate. We have also reduced our 4Q16e WTI forecasts by US$5.00 to US$50.00/ bbl, but left our 2016e+ oil & gas price deck largely unchanged. For the second time in three months we are increasing our forecasts for Canadian refined product premiums relative to New York Harbor.
28 Sep 2016
Commodity Price Update – Impact on Integrateds, Large Cap E&P, Oilsands
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Commodity Price Update – Impact on Integrateds, Large Cap E&P, Oilsands
Cenovus Energy Inc. (CVE:TSE), 0 | Imperial Oil Limited (IMO:TSE), 0 | Suncor Energy Inc. (SU:TSE), 0 | Canadian Natural Resources Limited (CNQ:TSE), 0 | Encana (ECA:TSE), 0 | Athabasca Oil Corporation (ATH:TSE), 0 | MEG Energy Corp. (MEG:TSE), 0 | BlackPearl Resources (PXX:TSE), 0
- Published:
28 Sep 2016 -
Author:
Michael P. Dunn -
Pages:
18
3Q16e WTI prices look set to average ~US$44.50/bbl vs. our $50.00/bbl prior estimate. We have also reduced our 4Q16e WTI forecasts by US$5.00 to US$50.00/ bbl, but left our 2016e+ oil & gas price deck largely unchanged. For the second time in three months we are increasing our forecasts for Canadian refined product premiums relative to New York Harbor.