Post by
Louis9Suarez on Oct 22, 2015 10:01pm
Delta, OPEC Meeting and Closing of Mart transaction
What we are witnessing is the ultimate betrayal of Mart shareholders.
Here are the facts:
Delta is Saudi company;
At least three of current Mart Board members are former Board members of an affiliated with Delta Saudy company;
Mart shareholders will vote on November 30;
Why the timing of the November 30 meeting is so significant?
Because on December 4 is the highly anticipated OPEC meeting in Vienna, Austria;
Watch out for Saudi Arabia to change course and agree at the OPEC summit to cut oil production across OPEC member countries.
Why? Because the price predation announced and practiced by the Soudies since November 24, 2014 more or less eliminated high cost US shale and other high cost nothern oil producers. As the competitors are now knocked out, it is time for the Saudies to revert to $70.
Saudies and the Russians are also likely to compromise and reach a deal in Syria or elsewhere in ME before or around the time of the OPEC meeting and that deal would likely also include an agreement to cut oil production.
Returning to Delta and Mart deal, Delta and Mart's BOD are likely well aware of this development and the expected return of oil back to $70 following the OPEC meeting.
And that is the sudden and inexplicable rush to close the deal just before the last train leaves the station.
LS
Comment by
Samdm on Oct 22, 2015 10:45pm
At $70 Dollar oil you just sound insane , maybe I read it wrong Are you saying oil will be $70 ? Ummm no then US shale would come straight back ?
Comment by
Louis9Suarez on Oct 22, 2015 11:14pm
no, it won't as financing dried out
Comment by
Samdm on Oct 22, 2015 11:22pm
No it wont ? So all projections are fake? The financing dried up? At $45 not $70 Saudis will not cut production .......... oils days are numbered .. sorry but climat change will accelerate and in 20? 30? years We will not be able to use oil ....