[PeakOiler]

$this->bbcode_second_pass_quote('Plantagenet', 'I') think I've done this game before but I'm not on the spreadsheet.

Please put me down for

HIGH 76.57
LOW 30.00
CLOSE 70.29

Thanks!

--Plantagenet

[PeakOiler]

$this->bbcode_second_pass_quote('davep', 'I')t's a year where we'll either see KSA continue its policy of destroying higher break-even competitors or there'll be some conflagration taking the price to the moon. Even though the latter seems plausible in the current climate, I think we'll mainly see BAU.

High 57
Low 27
Close 45

Edit: reduced Low price due to sanctions being lifted on Iran in 2016.

[PeakOiler]

$this->bbcode_second_pass_quote('SeaGypsy', 'H')igh 52.50
Low 14.25
Close 48.00

[PeakOiler]

Here's the updated scorecard:



Reminder: If an average price is not posted, then an average price will be calculated from the other three guesses at the deadline.

[dolanbaker]

I will drop my bottom to $34 as we're around that now.

[davep]

Average 41

[PeakOiler]

$this->bbcode_second_pass_quote('davep', 'A')verage 41

[SeaGypsy]

Av 38

Sent from my HUAWEI Y520-U33 using Tapatalk

[PeakOiler]

$this->bbcode_second_pass_quote('SeaGypsy', 'A')v 38

Sent from my HUAWEI Y520-U33 using Tapatalk

[Subjectivist]

I would like to change my low to $30.95 and my average to $53.33 please.

[MB]

High: $78
Low: $30
Close: $48

[PeakOiler]

$this->bbcode_second_pass_quote('Subjectivist', 'I') would like to change my low to $30.95 and my average to $53.33 please.

[PeakOiler]

$this->bbcode_second_pass_quote('MB', 'H')igh: $78
Low: $30
Close: $48

[Cog]

High: $55
Low: $37.50
Close: $45
Average $47

[PeakOiler]

$this->bbcode_second_pass_quote('Cog', 'H')igh: $55
Low: $37.50
Close: $45
Average $47

[kublikhan]

Low: $35
Average: $45
Close: $50
High: $50

[Revi]

It's going to be an interesting challenge this year. Some surprising changes might take place. We are all adjusting our positions prior to being put in the starting gates. I am guessing much lower than in years past after reading Shortonoil's posts and getting to understand his ETP model. I could be wrong... I usually end up in the middle of the pack anyway.

[PeakOiler]

Here's the list of players so far:



Reminder: You can change your estimates up to the deadline next week (when the EIA releases their first report for 2016).

If an average price is not posted, an average will be calculated from the other three guesses. I'll italicize those numbers.

Meanwhile, Reuters reported this article:
$this->bbcode_second_pass_quote('', '&')quot;We expect both prices to rise next year," said Eugen Weinberg, an analyst at Commerzbank. "A short-term slide can't be excluded, due to persisting oversupplies, negative sentiment and stronger downside momentum."

Figures from the Organization of the Petroleum Exporting Countries imply a glut of more than 2 million barrels per day, equal to over 2 percent of world demand. Oversupply is expected to persist into the earlier part of next year.

"The global supply and demand tables are still showing a heavy picture for the first half of 2016," said Olivier Jakob, oil analyst at Petromatrix.

[wildbourgman]

$this->bbcode_second_pass_quote('wildbourgman', 'H')igh: 72
Low: 27
Ending: 68

[PeakOiler]

$this->bbcode_second_pass_quote('wildbourgman', '')$this->bbcode_second_pass_quote('wildbourgman', 'H')igh: 72
Low: 27
Ending: 68