The oil and gas industry is ending 2017 with more momentum than it has seen in since collapsing in 2014 from over $100 a barrel. By large, analysts are optimistic about 2018, including the Petroleum Services Association forecasting a 5 percent rise in Canadian oil and gas drilling activity. Paris-based International Energy Agency sees oil output in Canada rising to near the five million barrel per day milestone in 2018 as the country edges closer to beating out Iraq as the fourth biggest producer globally.
Companies that merely weathered the multi-year downtrend may still struggle amid oil prices remaining inexpensive compared to peaks, but those that took the opportunity to get down to brass tacks and streamline operations ultimately should come out stronger, whether oil holds around $60, dips again or pushes higher. Enterprise Group …View the full post at: Enterprise Group Ending 2017 Strong, Stock Price Should Start to Follow …
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