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by Jim Colburn Leave a Comment
Ed Morse, Citigroup, makes a case for lower oil prices in an interview with the Financial Post, here…
Here is one takeaway:
”“We’ve seen recovery rates go from low single digits to low double digits,” Morse said. “Why is it not going to go to 30 or 40 per cent? Or why, theoretically, won’t it go to the recoverability of conventional oil at 60 per cent?””
He expects Brent to be between $45 and $65 by the end of 2019…
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