RE:RE:RE:RE:RE:RE:RE:RE:oil price and net backsRob............I beg to differ with you as the Ukraine war, will exacerbate the oil price to the upside for the forseeable future .........as now the Russion barrels wiil be taken off the market. There already was a structural deficit, to begin with. Analysts are calling for $100 oil for the rest of the year, which is about 20 bucks higher than I thought. Payback time on the next 5 wells to be drilled this year will be moved into much shorter timeframes that peviously expected. The story is now even more compelling as it is in a safe jurisdiction, on the edge of significant cash flow growth. Timing here is as perfect as on would like. Market wise, these jitters have loosened up weak hands, and in my mind is just another opportunity to accumulate which I have done today. Bought some more GASX this morning as well........Columbia has been good to me so far !
................The civil war in the Ukraine started in 2014 and to date there have been 29 ceasefires. Two weeks ago the big dogs on the porch, the US and Russia, that have been itching for a scrap for years, have entered the arena............ let's pray some Divine intervention takes place..........I don't have a dog in the fight, and hope common sense surfaces soon for everyones sake .......let's pray the 30'th cease fire gains traction !
Those that have'nt learned from the past ........are doomed to repeat it ! A famous quote !
GLTA