RE:RE:Major investment in oilfields
don't get too carried away on that rig count production chart, while it looks good don't forget the huge improvements in fracking technology, some of these new wells can will produce multiple times what the the original shale wells produce.
also keep in mind that one of the reasons blackrock and some other large energy companies are deploying capital are because they can make money at $50 oil, not necessarily because they think it's going up a whole lot.
i agree that eventually we will see the oil market balance and possibly be a bit undersupplied but i don't see it for at least a few years.
someone has to keep things in perspective on here, lol, and since i elected myself for the job i gotta do it, lol! off topic keep an eye on that v.ifr, things looking very good there, NO DEBT either, robert did you see the nr today also v.bbi the warrants are good for years great leverage on nat gas. full disclosure, i own a lot of ifr and bbi.wt, lol
cheers ferret