FirstEnergy has reduced its 2016e WTI oil price forecast from US$57.00/bbl to US$49.75/bbl, and also reduced its natural gas price forecasts going forward. We have updated our estimates and target prices, also incorporating this past week’s guidance and news disclosures. Given no significant changes to our oil price forecasts for 2017e+, and the predominance of long life oil producing assets within this group of companies, our target prices have only been reduced modestly, while we have made no ....
14 Dec 2015
Revised Commodity Price Forecasts – Impact on Canadian Integrated Oils, Senior E&Ps, Oilsands
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Revised Commodity Price Forecasts – Impact on Canadian Integrated Oils, Senior E&Ps, 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:
14 Dec 2015 -
Author:
Michael P. Dunn -
Pages:
13
FirstEnergy has reduced its 2016e WTI oil price forecast from US$57.00/bbl to US$49.75/bbl, and also reduced its natural gas price forecasts going forward. We have updated our estimates and target prices, also incorporating this past week’s guidance and news disclosures. Given no significant changes to our oil price forecasts for 2017e+, and the predominance of long life oil producing assets within this group of companies, our target prices have only been reduced modestly, while we have made no ....