Replies to post #10718 on SandRidge Energy, Inc. (fka SDOCQ)

[MovedOn]

Most analysts are now saying that the run in oil which was based mostly on sentiment is over. The oil glut persists and is now being bolstered with the intention that Saudi Arabia and Russia plan to pump as much as they can which will overshadow any other production declines within OPEC (Nigeria, Venezuela) and the US. In fact, there are some US offshore projects in the gulf that are just now coming on line now that are expected to overshadow the on shore declines, we will see if that's indeed the case in the coming weeks. The EU is now forecasting Brent to average $41 for 2016. China's manufacturing data still suggest it's not turning around as expected either. India may be a saving grace, but it appears the rebound ($50-60) is not happening in 2016. That spells disaster for many struggling O&G companies like SDOC.