OTCPK:WSRLF - Post by User
Post by
bdepardeon Mar 14, 2017 10:32am
177 Views
Post# 25976219
Demand growth willhit record levels this year to offset glut
Demand growth willhit record levels this year to offset glutsolution to low oil prices is low oil prices. Seems we have bottomed out today, should have a lot of support from here. Wzr will take advantage of low service/drilling costs and get production up to 10000 or 15000 barrels per day in 2018. Isis is nearly defeated in Mosul, don't let current oil prices shake you out of your investment, fundementals are improving for wzr. Drilling costs will rise in us, along with issues getting product to market, they can only expand production so much before significant investment is required in infrastructure, much like land locked Canadian oil sands.
https://www.google.ca/amp/s/amp.ft.com/content/38b93b36-080b-11e7-97d1-5e720a26771b
glta