RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What news caused the tank in the last few minutes?REALLY??? "there is a lot more to profits than just oil production volume and its effect on crude prices"???? LIKE WHAT? Everyday people on this board blame VRN's poor SP performance on some "manipulation" of the oil price (Saudis, Biden, Algos, Soros....take your pick!)
Bottom line: Right now, in this market, with brand new Guyana and Brazil production coming on stream the US and Canada are producing too much oil.....and you want to produce MORE??? JUST BIZARRE that is!
sebastian2 wrote: All I am saying is that there is a lot more to profits than just oil production volume and its effect on crude prices.. You get subsidies for both green and oil industry, the tax framework and so on; it is not a simple one variable problem. It is a three body problem :). No one here will be able to make a compelling argument that floors everyone. This is just a bullboard. You can't present a whole oil industry analysis here.