RE:RE:RE:RE:VET 124% Dividend Yeild @ $100 oil Did you even look at the chart there mr willie??? The head line should read 'burning through their ECXESS ducs and getting back to normal inventory'. There is like maybe 5% less ducs than when covid started... 1500 more than there was in 2013.... this story is like when someone who's 500lbs is stoked about losing 50... it ain't like they're starving to death....
If we see $100 oil in the near future it'll be because Iran starts firing off rockets and missels.
the decrease in ducs won't lead to a HUGE gain in oil price, it'll lead to more wells being drilled. Duc count goes down, rig count goes up.