Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (5099)	6/2/1998 6:31:00 PM
From: Richard Saunders	Read Replies (2) of 24921

Kerm/ saw this in your Korner re: forward-think & oil pricing. Thanks for the effort you and the rest of the Korner Krew put into posting Kurrent Konsiderations. Re: below......... I recognize the benchmark for Cdn.Oils is West Texas Intermediate pricing as posted for Cushing, Oklahoma and it's often a dollar or more higher than U.K Brent benchmark. Lately there seems to be a bit of a convergence in pricing though. Just over a week ago WTI has a $14.81us/barrel price while Brent was at $14.33us. At the beginning of Feb. WTI was approx. $17us while Brent was approx. $15us. As has been recently discussed on thread, suspect it won't be long before some of the Cdn. number-cruchers begin to make some lower changes to their current estimates for oil pricing for the rest of this year........... MISC Goldman cuts oil price forecast LONDON, June 1 - Goldman Sachs said on Monday it had cut its 1998 Brent crude price forecast to $15 and had reduced its earnings forecasts for European oil companies by on average five percent. In a research note, the investment bank said the 1999 and 2000 estimates for Brent was unchanged at $17 and $18 respectively. Its previous 1998 Brent estimate was $16. The companies covered in the note included British Petroleum Co (UK & Ireland: BP.L), Elf Aquitaine (ELFP.PA), Repsol SA (REP.MC), Royal Dutch Shell Group (RD.AS) (UK & Ireland: SHEL.L) and Total SA (TOTF.PA). Earnings estimates for individual companies were also not given.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next