OTCPK:ICPVF - Post by User
Comment by
mrbbon Jun 12, 2020 2:33pm
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Post# 31144500
RE:RE:RE:RE:RE:RE:Interesting read from Globe and Mail
RE:RE:RE:RE:RE:RE:Interesting read from Globe and Mail canada had the opportunity to lead in LNG a decade ago but canada dithers and let US, Australia, indonesia to jump ahead of Canada in LNG export. Large gas deposits were found in northern BC before the US shale evolution took hold
firstworld wrote: Qatar just ordered 80 or so LNG carriers costing over USD 20 B from three Korean ship yards to nearly double their exports in the next 5-6 years. If Canada is lucky a pilpeline and LNG terminal may be built by then LOL. We know who's taking the market share!
EstevanOutsider wrote: there is not much left to drop for rigs. Do you realize how much production has been lost and forward looking production will further be lost from this? The shale revolution is gone.
Markets are forward looking and I see alot less US oil production in the future.
JohnFriesen wrote: EstevanOutsider wrote: There are lots fundamentally, John. On Friday, the US rig count continued to collapse to new historical lows while coronavirus fears subside and demand picks up, all great for forward looking outlook on the energy sector.
The only thing that was new was the small drop in US oil rigs, and that was only 16 rigs. So hardly the basis for what we saw on Friday.