Oil Forecast - August 2015

August 04, 2015

QuantCasting expects a continuation of the current deflationary environment for crude oil and other commodities in August.

Low oil production rates will soften the oil glut, and a price reversal appears imminent later this summer.
QuantCasting August Oil Projection

QuantCasting maintains these current ratings for Oil & Gas producers, and refiners. Prices are as of August 4, 2015 market close.

APA Apache Corp Oil & Gas Production Sell $45.35
APC Anadarko Petroleum Corp Oil & Gas Production Hold $74.30
CHK Chesapeake Energy Corp Oil & Gas Production Sell $8.00
CHRW C.H. Robinson Worldwide Oil Refining/Marketing Sell $70.42
COG Cabot Oil & Gas Corp Oil & Gas Production Hold $25.50
DO Diamond Offshore Drilling Oil & Gas Production Hold $21.17
DVN Devon Energy Corp Oil & Gas Production Hold $48.74
EOG Eog Resources Oil & Gas Production Sell $76.74
EQT Eqt Corp Oil & Gas Production Hold $74.69
ESV Ensco Plc Oil & Gas Production Hold $16.06
EXPD Expeditors International of Washington Oil Refining/Marketing Sell $47.68
HAL Halliburton Company Oilfield Services/Equipment Hold $39.60
HP Helmerich & Payne Oil & Gas Production Hold $58.49
KMI Kinder Morgan Oil & Gas Production Sell $33.66
NBL Noble Energy Inc Oil & Gas Production Sell $34.01
NE Noble Corp Oil & Gas Production Hold $11.47
NFX Newfield Exploration Company Oil & Gas Production Hold $32.65
OKE Oneok Inc Oil & Gas Production Sell $35.69
OXY Occidental Petroleum Corp Oil & Gas Production Hold $69.03
PTEN Patterson-Uti Energy Oil & Gas Production Hold $16.86
PXD Pioneer Natural Resources Company Oil & Gas Production Hold $124.83
QEP Qep Resources Oil & Gas Production Sell $13.68
RIG Transocean Inc Oil & Gas Production Hold $12.22
RRC Range Resources Corp Oil & Gas Production Hold $37.89
SE Spectra Energy Corp Oil & Gas Production Sell $28.97
SLB Schlumberger N.V. Oilfield Services/Equipment Hold $82.27
SWN Southwestern Energy Company Oil & Gas Production Hold $17.18
XEC Cimarex Energy Co Oil & Gas Production Hold $104.34

Disclaimer: QuantCasting uses commodity forecast assessments as they relate to individual stock projections, in addition to numerous other computations. This information is provided as a service only and does not constitute a recommendation to either buy or sell any security or commodity.