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Stock impact report

How low will oil prices go? [Seeking Alpha]

Vermilion Energy Inc. Common (Canada) (VET) 
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
On the Move | Energy How low will oil prices go? Mar. 8, 2020 8:11 PM ET The United States Oil E... (USO) SA Eli Hoffmann The combination of global shock to crude demand from the spread of coronavirus, and the Saudi/Russia oil price war “This completely changes the outlook for the oil and gas markets, in our view, and brings back the playbook of the ‘New Oil Order,’ with low-cost producers increasing supply from their spare capacity to force higher cost producers to reduce output.” Goldman says "possible dips in prices to operational stress levels and well-head cash costs" could see Brent trading at $20. At those levels, we will witness "acute financial stress and declining production from shale as well as other high-cost producers,” it warned. "Those wondering what is the worst case scenario for oil prices, consider that Brent traded at an all time low of $9.55 a barrel in December 1998, during one of the rare price wars that Saudi Arabia has launched over the last 40 years... simi Show less Read more
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