Our friends at Raymond James published their 2017 Oil & Natural Gas Predictions yesterday & there is a lot of good information in this research brief if you have time to read it.
Raymond James Long Term Predictions:
- 2017 WTI average of $70/Bbl, moderating to $65 in 2018, and settling at $60 long-term. “$60 is the new $80”
- Henry Hub Natural Gas forecast: $3.25 Mcf
- US Rig Count to increase by 250 rigs in the next 12 months
- Energy Stocks & the US Gas Market will have a “healthy” year
Freedom CNG’s view is simple: Higher oil prices make CNG an even more logical alternative to diesel as it will save your fleet money and help clean up the air quality in Texas. Call us and we’d be delighted to answer any questions you might have.
Happy New Year!
Source: Raymond James, J. Marchall Adkins, Pavel Molchanov, Garrison Allen, Rich Eychner