OTCPK:VREYD - Post by User
Post by
CravenRaven101on Jan 18, 2016 11:21am
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Post# 24468758
The pain is almost over
The pain is almost overFrom a N. American standpoint the BIG issue has been US Land tenure... Us producers spend BIG bucks to create a land base... and have very few years to (up to 3?) to drill or lose the lease. and IF you are going to drill it... you may as well produce it until you hit payout. SO... what we see happening at the moment is the lag effect of those lease acquisitions... it will be ONE more year before ( or at the very least 9 months or so) before N. American production hits the wall and begins to drop off... until then... hide under the covers if you are an investor in energy stocks...