TSXV:WEE.H - Post by User
Post by
astuteinvestor1on Jan 11, 2015 5:26pm
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Post# 23307539
Oil price
Oil priceFor those of us who have followed the oil price over the last three decades, we know that the price of oil is dictated more by geo politics rather than supply and demand. I'll bet that there is no one who knows the exact picture of supply and demand. Remember peak oil? If you were Putin you would be contemplating your next move, which would drive oil prices higher. This can happen only if there,s political instability. This could happen in Saudi Arabia and you could see oil prices spiking up. If we had a competent management at WEE, they would have capitalized on this situation. EOR is the least expensive way of replenishing your deteriorating reserves. Alas we don't have a management team that's capable of taking advantage of the current situation.