GREY:LSTMF - Post by User
Comment by
PeterWrighton Jul 22, 2015 11:06am
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Post# 23948590
RE:I'll be honest
RE:I'll be honest
Shale production is going to decline but it will be more then offset by OPEC production increases for the rest of this year and into next. It's going to take along time to draw down the huge oil inventories. Even when WTI approaches $60 shale will start coming back online. This is going to be a long raod ahead for oil investors.
I love that Orlando is diversifiing away from LTS, smart move. It must be tempting for him to sell all of his hlodings and buy something that has better odds of survival with good growth potential.