OTCPK:VREYD - Post by User
Comment by
tracker11on Oct 02, 2020 8:07pm
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Post# 31662049
RE:I get tired of being right.
RE:I get tired of being right.Cheadle12 wrote: But did I not call this Edmonton Oiler dropping like a rock when it was $1.90+ per share.
No one wants Oil anymore, the future is Natural Gas and LNG.
These guys are a 1980's style company like Surge.
Let's get one thing straight. Oil is not going anywhere for decades yet to come. Everything Green has oil behind it. Production of solar panels require machinery that runs on oil, wind turbines are produced with machines that run on oil, etc, etc, etc. We are witnessing a Covid responsible temporary downturn on oil. Take a look at the list of OPEC+ nations. ALL of their economies depend on oil. Oil and gas are responsible for more than 60% of Russia's exports and provide more than 30% of the country's GDP...And you all think oil is going away. If OPEC+ feel threatened and they decide to turn off the pumps even for a short while, oil price will skyrocket, food prices will skyrocket, gas will skyrocket, textiles will skyrocket and the world will kneel. That's the power of oil and make no mistake about it. Not all producers will survive but oil will. I just hope Torc and my investment in them survive until this has run its course.