RE:RE:US oil production growth to slow more than expected in 2025:The issue in Canada is that in the absence of a decent return, investment in the sector will continue to decline. When GICs are paying almost the same as the dividend, combined with a shareprice that goes nowhere in a year, the stage is set. Unless company management and boards get their sh!t together and realize this, I predict we will see the oil & gas go the same way as junior mining companies in this country. Investment is drying up, while CEOs blow their brains out with increasing production and debt into a flooded market. The greed and grift by CEOs, management and board will cause most of these companies to either merge or go bankrupt. It's almost as if they kjnow the sector is cooked and bleeding as much of the profit into their personal pockets as they can. Shareholders, dividends and stock performance are always an after thought.
Citizen13 wrote: Predicting oil supply is like looking into a black hole. Clueless nonsense . 2025 needs zero growth in production . Growing 2.4% in a 1% demand growth market is stupid. The issue is private producers dont need to answer to investors. Show me a result and I'll show you an incentive . Nuttall didnt see the massive growth shale has accomplished the last few years and it's his full time job. Shale is still greedy and careless. Hopefully they dont take down the whole industry again. They never learn. The market is just wavering back and forth between shorts and short covering . Not good and not bullish at all . However if you can ride the wave up and down you can make a ton of cash. GLTA.