WTI -$116plus You know it's one thing for people to say or could go to $110 - $115. So at this point I am not to surprised but I am in AWE of seeing this happen in front of my eyes.
You know there are suggestions $125 and $150 are all possible.
My two cents is Russia will take Ukraine and I am sure we all know if Russia wanted to scortch earth Ukraine to take Kiev it could and could quickly.
They are as wrong as it is either way doing it with the least amount of death.
My point is that every day it takes to get to the prize they seek and I think that is control of government ? Who knows for sure , some say they are just beginning with Ukraine.
So once they have there victory , things will settle down , until then the price will rise
They just took there first major city , and they are actually stepping up the intensity with paratroopers , and more of everything.
The United States if they officially say we won't take Russian oil there will be another pop there , and after that I think we begin to peek out.
I was just thinking about Whitecaps February presentation and how at 90 dollar oil there is well over a billion in discretionary funds flow , and we are now $ 25 dollars above this. Another way to look at it is if we were at $90 dollars today we would be $25 dollars from there business model on there last transactions. So we are 50 dollars away from $65 and we are $75 dollars away from $40 where they can with current hedges pay the capex , dividends , interest and everyone else .
We may not pop for a bit in the way this price would suggest. However ,.....I would think if there was a day , some early general investors , coming from sectors negatively affected by this inflation crisis were to come it would be tomorrow we should close above $10 tomorrow.
So I jinxed that lol. We are a $20 dollar stock right now. With time , we are much higher.
C