Post by
Stockhudson on Aug 05, 2021 11:40am
bnn
Mike guy says oil going to 50 where is eric to argue differently
Comment by
BayStreetWolfTO on Aug 05, 2021 11:58am
Crystal Ball people. Some say $50 some say $80...right now we are $69 and no one knows anything outside of that. If someone tries to tell you they can predict covid up or down or any other macro unknown I would ignore.
Comment by
BayStreetWolfTO on Aug 05, 2021 12:01pm
Stockhidson the other point is based on the corporate presentation page 14 based on the 3 way hedge if oil was to drop between $48 and $58...BTE receives $58...so even $50 is $58....and you know what that means $58 is ahead of the management 5 year target rates :-)
Comment by
dandu1924 on Aug 05, 2021 12:11pm
No one cans predict the oil price anymore, too much factors or/and fake factors. If the oil going to $50, then the shale oil producers in USA will dry up and disappear, that will be good for the rest of the oil sector.
Comment by
Owlseye1 on Aug 05, 2021 12:16pm
I think it has better chance of going higher then lower. No big Cap X being spent for yrs now on new production.
Comment by
Owlseye1 on Aug 05, 2021 12:07pm
Mike guy is always so negative! Head for the nearest bridge with him n u know the rest of the story! Saudis won't let that happen! $50.OO OIL WHAT A JOKE! REALLY!
Comment by
topdown99 on Aug 05, 2021 2:45pm
Mike ??? Is that the bald idiot from NY (commodities guy) ? If its the guy I'm thinking of he is always negative unless he is talking about tech companies
Comment by
Stockhudson on Aug 05, 2021 9:17pm
yes that s the guy akways negative i think they bring him on to annoy people lol