Replies to post #26870 on TagLikeMe Corp. (fka TAGG)

[Makemoneymonay]

Ladies and gentlemen...we have a bid!!!

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[sam1933]

U.S. Oil Glut - 1 More Month Before Things Turn

Highlights from this analysis include:

Further stock increases should be expected for the next month or so, with the inflection point to come in late April
Under the most conservative production decline scenario, US stockpiles exhibit seasonal oscillations, but never exceed the April 2016 high water marks
The most aggressive production forecast calls for re-balancing by Q2 2017
Only in the production rate decline scenario of -3K per week do oil stocks not re-balance by year-end 2017
Conclusions

After crude oil stocks hit their maximum value about a month or so from now, I forecast a decline in US oil stockpiles anywhere from 75 million to 150 million barrels through Fall 2016. I anticipate oil prices will respond accordingly, increasing to $50 per barrel by year-end 2016. After that, further net reductions in stocks through 2017, will drive crude oil prices to $65 per barrel by year-end 2017. As such, I am long low-cost, upstream E&P companies like Mid-Con Energy (NASDAQ:MCEP) based on my thesis of a gradual oil price recovery.

more: http://seekingalpha.com/article/3959981-u-s-oil-glut-1-month-things-turn