RIG COUNTS Just a quick comment! The rig count has stalled out , and with fracking you have to chase the new wells to keep production flat at a certain point. This is truly bullish as Gamble said there other day it's a buying opportunity right now ! There is no equipment !!! There are no workers !! We are hitting the walls , in North America , Opec plus is full throttle , and Iran , others are not welcome .
At the very least we are above $80 dollars for the next 3 to 5 years and I still think there is going to be a price move to $150 -$200. I will almost guarantee we get over 130 this year at some point.
We aren't even running full steam in the world wide economy yet , and Russia is supposed to be barred begging in Jan next yesr. Bullish news all around. I am fully invested so yes I am a cheerleader but I am also giving the facts.
C