Continuing the oil bucket list – the top oil stocks expected to perform ahead, we have Malcolm Graham-Wood, Oil Analyst at Malcy’s Blog, who takes a fundamental look at a few energy stocks, and suggests that path ahead for the stocks. We also take a technical look at the share prices with Nick Batsford, CEO at Tip TV, and Zak Mir, Technical Analyst at Zak’s Traders Café.
Energy stocks covered – Pantheon resources (LON:PANR), Sound Energy (LON:SOU), Amerisur (LON:AMER), Rockhopper Exploration plc (LON:RKH), Hurricane Energy plc (LON:HUR), Cairn Energy (LON:CNE), FAR Ltd (AX:FAR) – ASX listed, Ithaca Energy (LON:IAE), Premier Oil (LON:PMO), Faroe Petroleum (LON:FPM), Parkmead group (LON:PMG), Bowleven (LON:BLVN), Victoria Oil & Gas (LON:VOG) and Tullow oil (LON:TLW).
When quizzed about the expectation ahead for the oil price, Graham-Wood maintains a bullish year-end target between $50 - $60 per barrel, noting that although the Saudis and Iranians remain locking horns, the fundamental outlook is supportive of a climb into 2017.