RE:RE:RE:RE:EIAHey CDN, I’ve given up trying to understand the short term swings of mr market... There’s really no rhyme or reason, however what I’ve learned is that when news is TOO one sided (I.e numerous “oil going to 100$?” articles through multiples media outlets at the same time, etc), watch out...
The very same people/media outlets who were hyping shale are now predicting its demise... imho, the truth is usually in the middle... shale will slow at these strip prices but will not disappear...
I’m guessing WTI will stay within a $50-65 range this year (barring any major event of course, however even major events have remain short lives/muted (Saudi attacks, Solemani, etc). But that’s all it is, a guess...mr market is never obvious...
GLTA