Post by
oilfan on Sep 28, 2023 12:08pm
Remember that price "vector"?
I personally cannot see an easy way out of these prices unless the world starts drilling agressively...something that the politicians seem to discourage while at the same time keep screaming for cheaper crude.
BTE is a cash cow at these WTI prices.They will slay the debt and then will be forced to concentrate on rewarding shareholders.
Comment by
Realdude on Sep 28, 2023 12:11pm
There is a way out. Saudis will increase output to prevent spikes. They want stable oil. Not boom/bust cycles of the past. I agree bte will be awesome at $80 and greater with a preferable ceiling of $90ish.