RE:RE:RE:RE:Will Oil Hit $100 This Year?Almost $3 .....so obvious with 80% of Canadians on welfare this would go up especially since AB is super heavy welfare state LoL. Maybe TCW can pay some welfare back Canada will need lots of money to conpansate the horrific indiginios genocite that will end up in the hundrwdsnof thousands after everything uncovered. That's on top of the millions so far.
EstevanOutsider wrote: June looks close to 2019 levels for licensing issuances and I think July onwards will show higher y-o-y activity rates going forward, probably for a long time. Trican is busy for Q2 and will not lose money for the first time in years. Service OFS capacity is less then several years ago so we can have a tighter market with less crews. Into 2022, 2023, I expect a huge ramp up to fill the new pipes and take advantage of North American declines - especially shale.
Exciting times.
Backinblack1000 wrote: Yup, definitely think that some drilling is gotta be fired up by the recent rise in wti.....and nat gas inventories can get drawn down pretty quick, especially with the hot weather.......imo...glta
EstevanOutsider wrote: lots of the work now is gas weighted. aeco is above $3 in the summer, that's incredible. i like trican also as a way to get exposed to natural gas and liquids, not just crude oil.