Funny they haven`t been right for years!
Goldman Sachs (NYSE:GS) slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity.
However, the U.S. investment bank, in a note published on Saturday, raised its view of the average 2015 Brent price to $58 per barrel from its earlier forecast of $52 and lifted its outlook for the average WTI price to $52 per barrel from $48
The bank assumes a $5 per barrel Brent-WTI spread through 2016-2020, consistent with transportation economics.
On May 12, the U.S. investment bank had cautioned that the recent rally in oil prices was 'premature,' and a sequential weakening of prices was required for the rebalancing of the market to resume.
Oil prices have recovered this year, after sharp falls prior to 2015. Benchmark Brent crude oil futures hasrallied about 12 percent since the beginning of the year, and are up by about 40 percent from their 2015 low.
Sentiment: Strong Buy
Depomed (DEPO) has given back a good chunk of today's 2015 stock pop with today's 15% post-1Q selloff, but Janney doesn't seem worried about the weaker-than-expected results. It implores investors to "ignore the noise and look to the future" as it moves the biopharma to buy and sets its fair-value estimate at $25.50. "We fully believe that the current market movement is an emotional overreaction." DEPO is in the pain-medication space in last month buying the US rights to J&J's (JNJ) Nucynta, which has sub-2% maket share. Still, it brought in $176M in 1Q, and Janney sees sales rising further. DEPO, even with today's decline to a nearly 3-month low, is up 29% this year as it sits at $20.75.
I don`t know what your actually referring to but so be it, i`ll address the fact that I bought 5000 trading shares at $2.53 and that I post what I find around the net here to help others. This is a trading vehicle play nothing more. GL
March 9th - March 15th: Much more seasonable temperatures will cover the US this week, with only the northeastern US experiencing chilly temperatures at times, especially as a glancing blow of colder Canadian air sweep through Thursday into Friday. A weather system over Texas will drift into the Southeast as the week progresses, finally tracking north into the Northeast with rain and snow this weekend. The West will remain mildand mostly dry throughout. Heating demand will be mainly MODERATE this week with more typical March temperatures, although some regions will be LOW.
Current Annualized Cost 14.88%
Annualized Cost 1 Week Previous 17.50%
Historical 03/06 5YR Annualized Roll 23.23%
CONTANGO WATCH: Natural gas' contango narrowed a bit.
ROLL COSTS: It costs investors 14.88 percent annualized to roll front-month natural gas contracts.
BOTTOM LINE: Contango
Winter draws to an end and analysts have warned that prices are vulnerable in the near term as the colest part of the winter has effectively passed and below normal temperatures in March mean less than they do in January and February, not the weather has played much of a role this year!
You buy it in here AH`s for a bounce and gap fill tomorrow. Seems only good for a flip day trade now. My utility wants to raise the price 18%-25% and i`m sure the state will give it to them.
If NG futures can not hold above $2.70 resistance today then the bears still have the ball. Game on!
March 1st - March 7th: The eastern US will warm the next few days ahead of another strong Arctic cold blast that will sweep across the US as the week progresses. This will bring several days of very strong heating demand. There will also be showers and strong thunderstorms along the cold front as it sweeps across the southern and eastern US, along with some snowfall into the colder air. Temperatures will begin thawing this coming weekend as high pressure strengthens, which will ease heating demand.