In this short note we update our oil price deck, and roll our discount origin forward to the end of 2018. We leave our LT oil price assumption of $70/bbl unchanged, but believe there is upside risk given a diminishing spare capacity and several years of low industry investment. Our top picks are Cairn Energy, Trinity E&P and Reabold Resources.

06 Aug 2018
Updating oil prices: Top picks CNE, TRIN, RBD
Capricorn Energy PLC (CNE:LON), 214 | EnQuest PLC (ENQ:LON), 12.3 | Faroe Petroleum (FPM:LON), 0 | Reabold Resources plc (RBD:LON), 0.0 | Tullow Oil plc (TLW:LON), 13.4

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Updating oil prices: Top picks CNE, TRIN, RBD
Capricorn Energy PLC (CNE:LON), 214 | EnQuest PLC (ENQ:LON), 12.3 | Faroe Petroleum (FPM:LON), 0 | Reabold Resources plc (RBD:LON), 0.0 | Tullow Oil plc (TLW:LON), 13.4
- Published:
06 Aug 2018 -
Author:
Jessica Saadat -
Pages:
15 -
In this short note we update our oil price deck, and roll our discount origin forward to the end of 2018. We leave our LT oil price assumption of $70/bbl unchanged, but believe there is upside risk given a diminishing spare capacity and several years of low industry investment. Our top picks are Cairn Energy, Trinity E&P and Reabold Resources.