Downside risk to the broker's oil & gas sector forecasts has increased, with spot prices now -48% and -60% below 2020-21 assumptions. The broker has shifted its valuation methodology to a ...
Citi has revised down Brent oil forecasts significantly. The broker now expects US$30/bbl across 2020 and a trough of US$17/bbl in the second quarter. The bearish view is based on forecast for ...
Morgans continues to recommend caution in the oil & gas sector. Consensus forecasts still have oil prices 63% above spot, suggesting downgrades ahead. The broker has changed its valuation ...
Morgan Stanley lowers the long-term oil forecast, to US$45/bbl and believes, if this becomes the case, it creates serious risk for Australian energy companies. While the broker acknowledges...
SXY Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
