Long term optimism… – Commodity Research Group

December 7, 2016 by Jim Colburn Leave a Comment

The NY Times on Mexican offshore oil and gas investment by multinationals:

“The international oil industry on Monday agreed to pay billions of dollars to the Mexican government for rights to drill in the country’s portions of the Gulf of Mexico.”

“Perhaps more than anything else, the bidding shows that the industry has confidence it will emerge from its current malaise of low prices, layoffs and cuts in capital spending. The companies are betting that if prices recover, they can profitably produce oil from high-cost, deepwater projects.”

Here is the link: http://www.nytimes.com/2016/12/05/business/energy-environment/oil-and-gas-industry-takes-stakes-in-mexican-offshore-fields.html

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

Reader Interactions

Leave a Reply Cancel reply