Outlook from NAPE: Oil Prices Will Fly Even Higher

Reticent markets are misjudging oil and gas values over the next few years, says Marshall Adkins of Raymond James.

Crude oil prices will fly higher than is commonly expected Marshall Adkins of Raymond James said at NAPE. (Source: Hart Energy; Maeer, Vector, prasit2512/Shutterstock.com)

Crude oil prices will fly higher than is commonly expected, Marshall Adkins of Raymond James said at NAPE. (Source: Hart Energy; Maeer, Vector, prasit2512/Shutterstock.com)

If you’re experiencing déjà vu over the current state of the energy industry, then you really need to pay closer attention—never has an outlook been this good, bad and weird.

“It is different today. There are many things in our business that no one in this room has ever seen in their career,” Marshall Adkins, managing director and head of energy at Raymond James, said during the NAPE Business Conference.

So, what does one do in an unprecedented business environment? Check the fundamentals. Then, check them again to understand why Adkins is so bullish.

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Joseph Markman

Joseph Markman, senior editor for Hart Energy, covers markets and provides data analysis for all Hart Energy editorial products.