RE:Rig counts and supply.Oil was down big a few hours ago and is now trading higher. No one knows where it's going tomorrow - let alone 5 years from now. Anyone who posts here proclaiming to know where oil is going to be in 5 years after telling a series of other mistruths about Tag's production should not expect a kind response.
I do know that Tag is a very low cost producer of oil at Cheal. Among the highest netbacks anywhere in the free world. They can make money where prices are now and they also have numerous prospects for natural gas and natural gas liquids that they could focus on. Also helps to own your own power generation company to ensure they have a ready market for natural gas if they decide to focus more on that area.