WoodMac: Positive Cash Flow With $55 A lweb.es/f2474 12.19.2016
Wood Mackenzie’s global corporate outlook for 2017 forecasts that the oil and gas industry will turn cash flow positive for the first time since the downturn, if OPEC production cuts drive oil prices above $55 a barrel. Focus is on five themes: strengthening finances as a top priority; U.S. Independents to lead the sector into a new investment cycle; portfolios will adapt, down the cost curve and into new energy; modest growth in production despite past capex cuts; and an improved value proposition for exploration and mergers and acquisitions.