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Goldman Sachs says OPEC will have to increase production to meet demand in 2021. Higher prices.

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Likes the companies with good balance sheets,  5% plus cash flow, and has low cost reserves.

He likes EOG , Pioneer , Concho

He was asked about increased productivity and yield , how that might increase shale production and thus supply in 2021 forward. Danced around the question .  Didn't really answer.

Said more consolidation 2020.

Sounds interesting but not sure I buy it. Thesis based on slowing shale, lack of new replacement conventional and increase in 2021 demand.

Funny thing about today's oil analyst, they're like weather forcasters.  You only have to be right half the time. They often change their forcast . 

Notice they udually give broad generalizations regard anslysis .  No depth to backup their reasoning. 

Edited by Jabbar

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5% free cash flow is decent for the overall market or for a dividend but for oil companies that's low. The oil company in Colombia I hold is PXT at today's price it's close to 30% fcf but should average this year at 19%. If you want a very clear presentation theirs is crystal.  

As for oil price analysts.... Warren Buffett says prediction is nothing building the ark is what counts. 

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