Negative Permian gas prices. Wall Street sours on all things energy. E&Ps and midstreamers forced by capital markets to tighten their belts. Infrastructure coming online just as production growth is slowing. Oil, gas and NGLs totally dependent on export markets to balance. The list goes on. Just as producers and midstreamers came to terms with a new normal for oil and gas prices, this new round of challenges hit the market in 2019. And it is going to get a lot more complicated as we enter the new decade. There is just no way to predict what is going to happen next, right? Nah. All we need to do is stick our collective RBN necks out one more time, peer into our crystal ball, and see what 2020 has in store for us.
2019 Track Record
This makes eight years we’ve been posting RBN Prognostications. We certainly have not scored a perfect 10 each year, but we’ve enjoyed a pretty decent track record. To keep us honest, part of the tradition is to look back at how we did the previous year — this time in the Top 10 RBN Prognostications for 2019 posted one year ago today — on January 2, 2019. Again this year we feel pretty good about those market calls. Here’s our 2019 Prognostications report card. But if you could not care less about how we did last year and want to get straight to the good stuff, scroll down to the subheading And Now, 2020 – Year of the Rat.
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