Post Tagged with: "Baird"

Oil and Gas Industry Sees a More Subdued Recovery: Baird Survey

Oil and Gas Industry Sees a More Subdued Recovery: Baird Survey

Oil prices expected to stay at or below $50 for the next six months Lower for longer is starting to truly set in with the oil and gas industry as buyside investors and the industry see a more muted outlook for oil and gas prices on the horizon. A survey that polled primarily buyside investors and members of the oil and gas industry conducted by Baird Equity Research saw little hope of a full recovery in the next six months. The results of the survey showed that about 75% of the respondents see pricing staying sub-$50 per barrel for the first half of 2016. The respondents expected some modest increases in price following the first six months of the year, with 53% of those polled saying that expect oil prices to reach $50-$60 per barrel over the next year. Their long-term outlook was bleaker however, with an increasing number of[Read More…]