Post by
Hope4Best779 on Mar 04, 2022 5:43am
Oil price
Oil could go lower if we head into a recesion which I thnk is quite probable. It would have to be a bad one though to drop oil below where they sold the years crude at as there has been a lack of investment in supply for many years. Again shouldn't management have known that if I do. The war in ukraine would have to be resolved as well. Maybe they will look like geniuses. I doubt it though. Stock price likely heading back to where it was with declining production and cash flow. Nobody cares about an asset that will produce in a decade especially with all those new electric cars being sold. I think europe even banned the sale of combustion engines by the time those other assets would be producing. So how in the world do you value them? I thnik the kenya discovery was like ten years ago. And there is still no word on when it will be producing. So how can you put a price on those assets into the share price. I wouldn't Just the near term production, which is decliing and sold forward unfortunately.
Comment by
firstworld on Mar 05, 2022 2:24am
Oil will drop fast and needs to for USA and Biden crew ... 1. Iran brings 1.5 M bbl day 2. UA realizes it's futile and capitulated to RU as a neutral.country to save face. 3. Demand destruction: EU cripples under higher gas and oil prices ...major recessions. I see more downside to oil than upside though Im sure once again the West will be humiliated and slaves to RU energy.