GEOROX RESOURCES INC V.GXR

"US sanctions mean " ??

[Jimpro63]

When OPEC meets on June 22nd, expect the Saudis to formally announce an increase in production.

[Bigdogmoney]

I work in Saudi Arabia in oil & gas.. Saudi is the only OPEC country willing to increase production which they already have in May by 160,000 bpd..so just because there's a meeting don't mean sh#t Russia also has a say in OPEC decision and they want to hold the cap until end of the year..

[Jimpro63]

I guess someone ? was "BANG ON " [ OPEC ministers agree to raise oil production but don't say by how much OPEC ministers announced a deal on Friday that will increase oil supplies from the producer group. Producers agreed to start pumping more so that they are no longer overshooting the production limits they agreed to in November 2016

[Bigdogmoney]

Prices increased after meeting as OPEC will not flood the market just suppress it..either way GXR is still in good shape

[Jimpro63]

Where has the Oil price went since May ???   Just a thought .... Trump and Saudi Arabia can isolate Iran and make a mint by picking up the oil demand Iran loses through sanctions. All the while waiting for Iran's people to rise up and overthrow the current regime. Iran has been rendered completely irrelevant due to the shale renaissance in the U.S. and the Saudis willingness to comply

[HIGHGOLD]

Trump is a CLOWN. I am still holding my GXR shares though. Good luck boys.