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Tag: crude oil prices

Oil Outlook 2017: Will OPEC Comply?

Oil Outlook 2017: Will OPEC Comply?

Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations of a turnaround had all eyes on the Organization of the Petroleum Exporting Countries and their discussions to cutback output for the first time in eight

Perpetual Energy Releases its First Quarter 2016 Financial and Operating Results

Perpetual Energy (TSX:PMT) has reported its financial and operating results for the three months ending March 31, 2016.

As quoted in the press release:
FIRST QUARTER HIGHLIGHTS

Production and Operations

In light of the persistent deterioration of commodity prices, Perpetual continued to restrict its capital spending programs. Exploration and development spending of $4.8 million

Could Oil Prices Rise to $70 in 2016?

CNBC reported that Amherst Pierpont strategist Robert Sinche believes oil prices could rise to the $50 to $70 range this year on the back of a recent bump in crude oil prices.

As quoted in the publication:
“You want to get at least a one-day close above that 200-day moving average. … “A

Surge Energy Reports Third Quarter Financial and Operational Results

Surge Energy (TSX:SGY) announced its financial and operational results for the third quarter, which represents the first full quarter of results following the $430 million sale of the company’s Saskatchewan and Manitoba assets.

As quoted in the press release:
Given the significant drop in world crude oil prices from US WTI $108 per

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