RE:WTI now at shale marginal cost of productionThanks for that.
Was thinking we must be close to marginal cost for shale producers. For sure this will make even harder for them to get bank financing going forward which can only do one thing - drive up the price of oil back to the 85$ figure I have talked about. Plus, this most likely has the power to change the direction arrow for inflation in the coming months if the oil price goes back to 85.
In the meantime, with all that Russian oil literally floating around at 60 a barrel (Brent), it would not surprise me to see WTI go down another 10 bucks a barrel before rebounding. If that happens, I will take a short term position in SU to ride a wave back to 85.