Why Goldman Sees WTI Above $60 and 'Stick There' in 2022

The video discusses expectations for oil prices, with a focus on OPEC's upcoming news and the Biden administration's actions. It predicts oil prices in the 60s for WTI and examines the impact on producers, emphasizing capital discipline and investor skepticism. The discussion includes top stock picks like Devineni OG and Pioneer Natural Resources, considering risks related to federal land exposure and demand concerns.

What is the expected range for WTI oil prices later this year according to the discussion?

• Into the 80s

• Into the 50s

• Into the 60s

• Into the 70s

Why is maintaining capital discipline challenging during an upcycle?

• Because it requires more investment

• Because it is easier to maintain during a down cycle

• Because it is not monitored by investors

• Because it leads to lower profits

Which companies are mentioned as having exposure to federal lands?

• Devineni OG

• Pioneer Natural Resources

• ExxonMobil

• Chevron

What are the four overhangs on stocks mentioned in the discussion?

• Federal land exposure, market volatility, oil price, capital discipline

• Short term demand, long term demand, capital discipline, federal land exposure

• Oil price, capital discipline, federal land exposure, market volatility

• Short term demand, long term demand, market volatility, oil price

How do the speakers suggest modeling the risk of no additional permits on existing leases?

• By ignoring the risk

• By evaluating the last value of the stocks

• By increasing investment in other areas

• By diversifying the portfolio