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Morgan Stanley Rethinks E&P Stocks, Slashes Estimates For Crude Oil

SPDR Energy Select Sector Fund ETF ETF:XLE, EOG Resources, Inc. NYSE:EOG - Morgan Stanley Rethinks E&P Stocks, Slashes Estimates For Crude Oil
  • Following an energy summit this week, Morgan Stanley analysts are revising lower their estimates for WTI and Brent Crude Oil, particularly in 2017.
  • In 2017, Morgan Stanley now expects WTI Crude to trade at $60, compared with $80 estimates prior – a 25 percent cut.

A team of Morgan Stanley analysts led by Evan Calio released findings from the company's 6th Houston Energy Summit, where the firm met with a number of energy exploration and production companies. Morgan Stanley...


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