An enduring high oil price caused by supply issues in Libya provides a strong outlook for operators in the Cooper Basin

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An enduring high oil price caused by supply issues in Libya provides a strong outlook for operators in the Cooper Basin. According to @morgans analyst Krista Walter WTI Crude averaged US$105.8/bbl in the September quarter up 12% on the June quarter and Brent pricing averaged US$112.4/bbl up 6% on previous quarter. Decline in supply from Libya is a main driver of the increased oil pricing, as well as the influence of quantitative easing which we expect to continue. The situation with the Brent price makes Cooper Basin players such as Santos (STO), Beach (BPT) and Senex (SXY) particularly attractive. Walter expects pricing for Brent to increase in the quarter ahead which will provide Cooper Basin producers with excellent cash flows. Livewire spoke with Krista to understand the themes she is looking at in the oil and gas space. Check out her comments here &list=TLmIyBfUm6XqFggAZTEaTmfS6Rr7Mq89xd


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