GREY:RNSFF - Post by User
Comment by
ferret_caon Apr 30, 2018 8:22pm
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Post# 27961814
RE:anyone see this
RE:anyone see this yup read that earlier today, I've been bullish on oil for a while and my #1 reason was I fealt the saudis wouldl do whatever it takes to raise the price of oil to get as much as they can for their aramco ipo. they are now holding off a bit and getting greedy wanting even higher oil prices, all good for our energy stocks,lol. it could cause a shortage in a year or so causing huge spikes which would end very badly for all leading to a global recession imho.
great timing though for roe to develope some hopefully prolific fields in Mexico, we could go on quite a tear if this amatitlan shale play works out in their favour with the migration and an increased ownership %. the Mexicans will be more than happy to reap the benefits of royalties etc on oil sold at these price. they must be kicking themselves silly for their hedging for this year, locked in at $46/ barrel
https://www.bloomberg.com/news/articles/2017-10-16/mexico-says-world-s-largest-oil-hedge-has-been-completed cheers and gl ferret