Veren Inc T.VRN

Fairy Dust & The $130.00 Oil Backdrop

[Rocket101]

Looks like the surge to $130.00 was just that a unicorn slinging fairy dust onto the world. I continue to see the push towards less green house gas emissions. The green narrative is still in play and I even hear of talk of modular nuclear reactors being looked at. Sustained high commodity prices will only cause demand destruction in the macro economy your already seeing signs of this happening . Folks  buying in at absurd prices will wake up only holding assets with mountains of debt that have been purchased at hyped prices. In my opinion the longer prices remain high the greater the plunge It ain't real 

IMHO

[churchofnutsacc]

I read comments like this and I thnk, oil must be back to $40 but then I look, and oil is at $100.

[BigJoe778]

Rocketman is basically here to listen to himself talk lol

[tollycraft]

Agreed.  We've dropped .73cents in the last couple of days and this isnt the first time we went through a drop like this.  There is still going to be a shortage of oil, people are still going to fly as their done with  restrictions (and most have been lifted), those who aren't flying on vacation will be driving. The U.S is not bringing in Russian oil.  Everything tells

[BigJoe778]

Not according to Rocketman but hey what the f does he know lol. He showed up out of nowhere on a Cdn O&G forum to preach his foolish green rhetoric. Hey Rocketman......nobody here is listening to you lol. 

[Moemoney42]

Well Calfrac just pulled out of Russia.. watch the Russian production continue to drop throughout the year.. my guess is at least 2 million barrels per day less production from Russia by the end of the year.. ;-) Now add in the end of covid restrictions.. we could see crude hovering around the ~$100 mark for most of the year.. ;-) Lots of profits at that level.. and divi increases..!  ;-)