RE:RE:Harris vs trump winning election on oil Yeah... not buying it. Been hearing about the demise of shale for 18 years...
- Wells have high rate of depletion.
- Tier one properties are tapped out.
- Companies bankrupt
- Companies have found religion and returning capital to shareholders.
- Free cash flow will enable companies to buy back shares & reward shareholders.
Yadda yadda... it's all bunk. Reality is greed is king. .Management teams only care about their platinum plated compensation. NGOs only care about enrichment through fake green initiatives. Governments only care about their personal grift. The entire Western world is a sham. Send the meteorite and hit the reset button.
baranja wrote: I dont' buy that. Trump is pro oil and gas. Trump will support oil and gas. I just hope AI lie bubble pops and big money moves to energy sector.
I think US shale has maximum of 5 years reserves left, there is nothing to do get production up. Thos shale fields are soon to be dry and empy.
Marty47 wrote: Just listening Neal Dingmann in the USA and here the prediction
of Harris win the withe house oil will be above 90$ as she will cause restriction in the oil sector as you know she prosecute oil companies in California but natural gas will not be impact due to the AI demand
On the other hand , starting in jan under trump oil will loose 10to 20% as he will get production up in the USA
So I'm not sure the impact for oil stocks but oil at 65$. Is never a big profits .