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Long Run Explor Ltd Ord WFREF

Energy Oil & Gas E&P
"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."


GREY:WFREF - Post by User

Long Run Explor Ltd Ord > Crude oil inventories
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Comment by midnightcruiseron Dec 04, 2014 9:41am
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Post# 23194216

RE:RE:RE:RE:RE:RE:Crude oil inventories

RE:RE:RE:RE:RE:RE:Crude oil inventoriesUS shale producers are already highly leveraged, funding will dry up and laws of supply and demand will take over. That's what happens when you take on too much debt when everything looks rosy, eventually the Sh*T hits the fan. This should help push the price back up a bit even though the US is only a small portion of the world supply. I tend to believe Picken's theory that Saudis will also eventually have to cut and this will be the real catalyst to get us back on the way to 100. I don't care if it takes 18-24 months, lots of value buys out there if you are a proponent of this theory,
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