Energy stocks need to be assessed for it's stability rather than volatility when cash flow is the reason for for the investment. The reign of petroleum is over. It will soak up investment and reduce cash flow.
October 5, 2016
By Grant Smith
Oil’s rally will stall at $55 a barrel (click here) as U.S. shale drillers get back to work and a “wall of supply” from investments made over the past decade hits the market, Goldman Sachs Group Inc. said.
Global oil markets are set to remain “very oversupplied” in 2017 amid the return of disrupted output in Nigeria and Libya, resilient U.S. shale production and the start of major projects commissioned over the past 10 years, Goldman’s head of commodities research Jeff Currie said in a Bloomberg television interview....
