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Bullboard - Stock Discussion Forum
Shoal Point Energy Ltd
C.SHP
Alternate Symbol(s):
SHPNF
Energy
Oil & Gas E&P
Shoal Point Energy Ltd. is a Canada-based oil and natural gas exploration and development company. The Company is engaged in the acquisition, exploration and development of oil and natural gas properties. The Company’s projects include Humber Arm Allochthon. It has the rights to the exploration lands covering approximately 220,000 acres in the near offshore of the west coast of Newfoundland...
. The Company holds exploration license 1070 (EL 1070) off the west coast of Newfoundland which totals approximately 150,000 acres. The EL 1070 in Newfoundland is considered to be an exploration and evaluation asset, as it is still in the exploration stage. The Company’s Pratt County project is considered a developed oil and natural gas property. The Company’s subsidiary is Shoal Point U.S.A. Inc.
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CSE:SHP - Post Discussion
Shoal Point Energy Ltd
> WTI Crude spot prices down
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•••
HIKER2013
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Post by
HIKER2013
on Aug 18, 2021 9:15pm
WTI Crude spot prices down
Heard on Business News oil has fallen $10 from its high, and the belief is the covid delta variant is going to slow down business, and oil consumption.
Price now 64.40
HR
(1)
•••
barryt34
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Comment by
barryt34
on Aug 19, 2021 6:14pm
That's only good for the long term oil prices, there is not enough investment into oil and gas. the trick now is carbon credits. I'm more worried about the great reset, more then the price of oil. How long can they print money? They are in a corner and can't get out. Oil might climb with inflation, lack of investment and the extra cost of carbon credits.
...more
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