Title : What A Treat -- A Mike Fitzsimmons Seeking Alpha Posting From 2013 Still Accessible -- March 14, 2018
link : What A Treat -- A Mike Fitzsimmons Seeking Alpha Posting From 2013 Still Accessible -- March 14, 2018
What A Treat -- A Mike Fitzsimmons Seeking Alpha Posting From 2013 Still Accessible -- March 14, 2018
Goldman Sachs has been both bullish and bearish with regard to the Bakken over the years.It is interesting to go back to 2013 and see the Goldman Sachs forecast then.
The forecast:
The Bakken in the graphic above includes Montana and North Dakota; I do not know if it includes that part of the Bakken in Canada.
The curve was affected by price, of course, which was affected by the Saudi Surge, announced in November, 2014, and lasted almost exactly two full years.
At the time that article was written, WTI was selling for $103/bbl.
I posted this, not so much for the Goldman Sachs prognostication but, to note the Bakken formations/sub-formations recognized by Goldman Sachs analysts and the size of the spacing units.
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