RE:RE:We Just hit Feb 2022 Oil at $91Sure oil can drop under $94. It was $75 on the last day of 2021. I have said many times 2021 accellerated the positions of Cdn O&G companies to their plan.
BUT that said the EIA report this week is an anonomly imo
If you can convince me Exports/Imports can keep that pace and the elimination of the SPR will have no impact you will need to have a very compelling story AND data to support.
For now a day with LOTS of noise. I have many on ignore but I bet very busy today
bogi wrote: When things are up most like to push it even higher . Eric N. always acted as oil can not or will not drop under $ 94 - seeing is believing, eh ? Yeah , you were right . Now give it a combination between lower markets for awhile and weaker oil prices - take your time on that and plan an entree in the $ 5 range - just my opinion.