English العربية арабский

Oil Forecast - January 2016

January 02, 2016

Quantcasting expects continued downward pressure on oil prices for January.

Dollar strengthening and a range bound stock market should continue, along with high volatility in oil markets.
QuantCasting January 2016 Oil Projection

QuantCasting maintains these current ratings for Oil & Gas producers, and refiners. Prices are as of December 31, 2015, market close.

APA Apache Corp Oil & Gas Production Hold $44.47
APC Anadarko Petroleum Corp Oil & Gas Production Hold $48.58
CHK Chesapeake Energy Corp Oil & Gas Production Hold $4.50
CHRW C.H. Robinson Worldwide Oil Refining/Marketing Buy $62.02
COG Cabot Oil & Gas Corp Oil & Gas Production Hold $17.69
DO Diamond Offshore Drilling Oil & Gas Production Hold $21.10
DVN Devon Energy Corp Oil & Gas Production Hold $32.00
EOG Eog Resources Oil & Gas Production Hold $70.79
EQT Eqt Corp Oil & Gas Production Hold $52.13
ESV Ensco Plc Oil & Gas Production Hold $15.39
EXPD Expeditors International of Washington Oil Refining/Marketing Buy $45.10
HAL Halliburton Company Oilfield Services/Equipment Hold $34.04
HP Helmerich & Payne Oil & Gas Production Hold $53.55
KMI Kinder Morgan Oil & Gas Production Hold $14.92
NBL Noble Energy Inc Oil & Gas Production Hold $32.93
NFX Newfield Exploration Company Oil & Gas Production Hold $32.56
OKE Oneok Inc Oil & Gas Production Hold $24.66
OXY Occidental Petroleum Corp Oil & Gas Production Hold $67.61
PTEN Patterson-Uti Energy Oil & Gas Production Hold $15.08
PXD Pioneer Natural Resources Company Oil & Gas Production Hold $125.38
RIG Transocean Inc Oil & Gas Production Hold $12.38
RRC Range Resources Corp Oil & Gas Production Hold $24.61
SE Spectra Energy Corp Oil & Gas Production Hold $23.94
SLB Schlumberger N.V. Oilfield Services/Equipment Hold $69.75
SWN Southwestern Energy Company Oil & Gas Production Sell $7.11
XEC Cimarex Energy Co Oil & Gas Production Buy $89.38

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.