The strong Brent oil price has delivered excellent cash flows for producers over the past quarter

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The strong Brent oil price has delivered excellent cash flows for producers over the past quarter. Krista Walter (Analyst) at @morgans Financial expects the Brent price to remain strong over the coming quarters. This view is contrary to many forecasts that are currently in the market. A decline in the supply oil from Libya is the main factor influencing prices for the short term; a factor the market maybe overlooking. Walter says new 3D technology and drilling techniques will facilitate growing oil production from the Cooper at a time when Brent oil prices remain strong. Santos (STO) and Beach Energy (BPT) are Morgans preferred exposures within the Cooper Basin.

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