RE:$75 is the new $90d_trump wrote: Lots of commentary that oil will never get back to $90 - $100 for many years. Well it seems everyone is reporting impressive operating cost reductions of 10-15%. Drilling costs have also dropped significantly. On top of that, the CAD has fallen about 15%. As oil prices rebound, some of these gains may recede, but certainly not all. So I would think that if oil prices got back to $75, cashflows for most Canadian Oilcos will be back to the level when oil prices were $90+.
Great post d_trump. I agree. We just need oil to bounce here at the $44 level and there is huge gains to be had for anyone willing to buy when there is blood in the streets.