RE:RE:RE:RE:OBE the only stock moving today in the oil patch
kavern any updates from petro ninja on wells? For price and oil supply. 1)Opec short again 2)demand higher than expected 3)USA supply less than expected. North Dakota is 55k boe lower than 1 yr ago. Is $95 oil not enough? Permian has a treadmill of 273K bbl /day monthly decline. Also lost 89 ducs (still less rigs than frac crews... again at $95 oil) if they don't add thoes rigs you think 89 wells do 71k boe/d? ... Permian growthbwould be halted in its tracks. And again the other fields are in decline. Call eagleford a mini Permian. So same theory. So my question is what then Kavern? What if Permian EF and opec stall... $300o oil? We have millions of demand ready to go this summer . Travel cruse toys ... oh and less than 1B people own the 1.3B cars on this rock of close to 8B souls ... so demand grows 1.5M bbl yr.