Post by
lovehockey on Mar 01, 2021 2:50pm
Conversation I had
Just had a private conversation with a high ranking manager (Oil), obviously no names or anything but take it for waht it is worth. The whole Canadian energy sector is expecting oil to be trading anywhere in $80-$100 sometime this year. The sentiment is that it is almost a guarantee.
Comment by
mlcb2525 on Mar 01, 2021 3:05pm
If it hits $100 it will be for one trade. I think a more realistice range is $70 to $80 if we are lucky. At this range Russia will open the taps and I am sure the Shale O&G CEO's will have their Mgt. Compensation recalibrated to growing production.................which means the flood gates will be open in North America as well.
Comment by
lovehockey on Mar 01, 2021 3:06pm
That is a surprising question. He did not clarify. Does anyone in the industry even refer to any other dollar when it come to the price of oil? Plus WTI is already almost trading for CAD80.
Comment by
Maxmoe on Mar 01, 2021 8:22pm
A "surprising" question? More like bananas.
Comment by
Mindset on Mar 01, 2021 4:56pm
If thats the case, ATH's management is gonna be pissed they took that $70ml royalty! Bought some more today, crossing my fingers we make it to the end of this week unscathed. I'd settle for a stable $60-$70 avg WTI range. We'd make tons of money.