RE:RE:Production volumes are drying upMoemoney42 wrote: soundandfury wrote: Would'nt be suprised if production volumes exported from canada decline substantially this year and next........if demand ever returns to more normal levels we might see a nice price spike for a year or two.......then the question will be will investment return or not......once burned thingy....twice shy
I'm kind of thinking the same thing S&F... the most used commodity in the world has to at some point be in balance and even short supply with all the capex cuts..?
Investment interest will never be the same I’m afraid. It will be a very long strung out decline over time and will never get back to what your hoping for. Everyday of drilling is producing faster and higher producing Wells then ever before. 45 day Wells three years ago are taking 13days. Reaching out further and further. Service’s are reducing costs in product and equipment bringing the prices even further down.
Tough call to stick around these energy plays.