Dec. 31 at 11:20 AM
$XOP $XLE $XOM $CTRA $EGY
Major investment banks widely forecast a persistent global oil surplus in 2026, which is expected to pressure prices lower, with many projections for Brent crude averaging in the
$50S to low
$60S per barrel.
Market Rebalancing: Most analysts anticipate the market will begin to rebalance in 2027, as lower prices in 2026 may curb investment in new production.
As a contrarian investor, now is the time to accumulate energy while people don’t like the sector.
Just as I’ve done with mining companies for years.
Oil/gas is far from dead.
We have major upside coming in 2027+