Oil Forecast - July 2015

July 04, 2015

QuantCasting expects a continuation of the current corrective pullback in oil prices for July, driven by low oil volatility and low oil production rates.

The strong dollar, rising inflation, and the associated rise in interest rates do provide a strong base of support for a reversal this summer.
QuantCasting July Oil Projection

QuantCasting maintains these current ratings for Oil & Gas producers, and refiners. Prices are as of July 2, 2015 market close.

CHRW C.H. Robinson Worldwide Oil Refining/Marketing Sell $63.06
EXPD Expeditors International of Washington Oil Refining/Marketing Hold $46.17
PTEN Patterson-Uti Energy Oil & Gas Production Hold $17.78
APA Apache Corp Oil & Gas Production Hold $56.78
APC Anadarko Petroleum Corp Oil & Gas Production Hold $76.78
CHK Chesapeake Energy Corp Oil & Gas Production Hold $10.77
COG Cabot Oil & Gas Corp Oil & Gas Production Hold $31.03
DO Diamond Offshore Drilling Oil & Gas Production Hold $25.45
DVN Devon Energy Corp Oil & Gas Production Hold $57.87
EOG Eog Resources Oil & Gas Production Hold $85.67
EQT Eqt Corp Oil & Gas Production Hold $80.16
ESV Ensco Plc Oil & Gas Production Hold $21.48
HAL Halliburton Company Oilfield Services/Equipment Hold $41.91
HP Helmerich & Payne Oil & Gas Production Hold $67.76
KMI Kinder Morgan Oil & Gas Production Hold $38.03
NBL Noble Energy Inc Oil & Gas Production Hold $41.02
NE Noble Corp Oil & Gas Production Hold $15.07
NFX Newfield Exploration Company Oil & Gas Production Buy $35.04
OKE Oneok Inc Oil & Gas Production Sell $39.22
OXY Occidental Petroleum Corp Oil & Gas Production Hold $75.73
PXD Pioneer Natural Resources Company Oil & Gas Production Hold $138.18
QEP Qep Resources Oil & Gas Production Hold $18.23
RIG Transocean Inc Oil & Gas Production Hold $15.59
RRC Range Resources Corp Oil & Gas Production Hold $47.97
SE Spectra Energy Corp Oil & Gas Production Hold $31.93
SLB Schlumberger N.V. Oilfield Services/Equipment Hold $84.01
SWN Southwestern Energy Company Oil & Gas Production Hold $22.17
XEC Cimarex Energy Co Oil & Gas Production Buy $107.39

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.