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Surnorte

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Surnorte

Re: None

Sunday, 09/17/2017 8:58:22 PM

Sunday, September 17, 2017 8:58:22 PM

Post# of 127596
Goldman Sachs: Oil Majors See Upside At $50 Oil
http://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-Oil-Majors-See-Upside-At-50-Oil.html

A month ago, Goldman Sachs said that international oil companies were currently generating more cash at around-US$50 oil price than they did when the price of oil exceeded US$100 in early 2014.

“Simplification, standardization and deflation are repositioning the oil industry for better profitability and cash generation in the current environment than in 2013-14 when the oil price was above $100 a barrel,” Goldman said in a note in early August.

Everything I say is in my own opinion do not buy sell or hold based off what I have to say.

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