Oil below $20, page-141

SXY TARGET PRICE$0.30	Outperform 01 Apr 2020 Macquarie
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 ...

SXY TARGET PRICE$0.37	Buy 23 Mar 2020 Citi
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 ...

SXY TARGET PRICE$0.48	Add 23 Mar 2020 Morgans
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 ...

SXY TARGET PRICE$0.39	Overweight 19 Mar 2020 Morgan Stanley
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...