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

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.