Saw this headline on the afr site. Helps explain the positive price action in the oil and gas sector Today. Only the start imo.
UBS pumps up oil forecast
Street Talk | Cuts to the oil supply from Libya have prompted UBS to raise its price forecast for Brent to above $US100 a barrel in 2011 and upgrade AWE, Beach Energy and Roc Oil to 'buy' ratings.
Related News Companies AWE Ltd, Beach Energy Ltd, ROC Oil Company, Woodside Petroleum, Santos Ltd, OIL Search Ltd, Tap Oil Ltd
TAP Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
