RE:RE:BSW laughs and laughs at the doomI agree Nik.. snowballs seems to think the only way these stocks can move up is with an oil price increase.. even if WTI stays at this level, these stocks no where near their true values.. At $90 WTI they will be paying down debt by the 100's of millions/quarter AND buying back stock, AND issuing divi's.. hell paying debt down to zero adds 10's of millions of dollars to the dividend pot.. these O&G stocks should be 50% higher at todays crude prices.. and IMO 2023 the balance sheets will show the non-believers that reality.. ;-) nikolaos wrote: Normally I like your posts Snowballer, but this one seems to be a little off base. We CAN have a recession and oil CAN still go up. There are four times in history I believe that there was actual demand destruction in the oil markets. With decreasing SPR and the eventual end of it, Opec cut as of this month, sanctions on Russian Oil happening in December, sanctions on Russian refined product in february and an ever growing population that wants to attain what we have here in North America.
Just my two cents and the only way to know who is right is through time.