Rodent + 1,424 December 20, 2017 Barclays and Citigroup are bearish on oil in 2018.Meanwhile, Goldman and JP Morgan bullish, along with OPEC. What are your 2018 predictions? 1 2 Quote Share this post Link to post Share on other sites
Marina Schwarz + 1,576 December 21, 2017 I have yet to see Barclays make an accurate forecast about anything and Goldman analysts are fond of changing their opinions every week, so I wouldn't trust either of them. Can I be penguinish on oil in 2018? 5 Quote Share this post Link to post Share on other sites
TraderTate + 186 TS December 22, 2017 I voted bear, but would have liked a third option because I'm more indifferent right now. Definitely not feeling very bullish. It's pretty unexciting. WTI seems to be stuck at $56-$58, and Brent is just hovering around $61-$64 for the month. It's higher than it was, but nothing to get excited about yet. Shale will curb that. 1 Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB December 22, 2017 I'm bullish, but I don't see a 'raging' bull necessarily. I think I'm bullish on some US oil and gas stocks that even a small upswing in prices coupled with a lot of hard work on cost-cutting, efficiency and more clever usage of EOR are going to put in the black in 2018. I see some nicely improving balance sheets and production spreads, so after years, there are some US stocks I'd put my money in. 2 Quote Share this post Link to post Share on other sites
Seleskya + 50 AS December 22, 2017 On 12/21/2017 at 4:32 AM, Marina Schwarz said: I have yet to see Barclays make an accurate forecast about anything and Goldman analysts are fond of changing their opinions every week, so I wouldn't trust either of them. Can I be penguinish on oil in 2018? Can I be 'penguinish' too? Also nauseatingly tired of Goldman's flip-flopping and headline hogging. But I do see the point of @Carlsbad . Stocks are looking better and it has less to do with prices and the OPEC deal that it has to do with North American efficiency and innovation. Adapting is what they do very well. 1 Quote Share this post Link to post Share on other sites
LAOIL + 33 OS December 22, 2017 Just don't see the bullishness in this game. Don't see a Russia/OPEC exit mid-next year as Goldman does (or as its headlines do, at any rate). And the EIA has upped its production forecast for 2018 to over 10 million b/d. Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT December 22, 2017 That's almost 9% more than this year--a record. North American innovation aside, this is too much to make me bullish. Quote Share this post Link to post Share on other sites
Most Active Members
Recently Online
Popular Members