Post by
Kvman44 on Mar 28, 2022 7:56pm
double duds both sides of border
2 idiots at the same time at the helm of 2 oil rich countries that share borders that can't project anything but incompetence doesn't change because China is going into lock down.They have 3 more years to do the same thing that made oil over a hundred a barrel and with China taking all the Russia oil that went to the nation's that have stopped taking it the US will have to go into a recession with summer peak travel coming before oil and gas demand returns to lower levels.After that you have the dems probably being kicked to curb and reinvestment into the sector coming back to make a more sustainable realistic business model along with renewable energy.The probability that Oil will stay above 80 bucks for years with the Russian loss of supply and OPEC finally realizing that adjusting oil sales flow to level off at 80 bucks is the sweet spot to discourage internal US and Canadian oil that isn't profitable below 90 bucks is a better long term model for them.Bte can make piles of doe at 70 bucks and is currently undervalued if it was at 70 a barrel now.The green energy fast track never did make scientific sense and the final weeding of the old philosophy is why the selling off BTE and other oil stocks at a 5% oil price is still happening.14 dollar stock once summer demand sends us into panic
Comment by
Kvman44 on Mar 28, 2022 8:06pm
5% oil price drop doesn't change probable 80 long term sustained oil price due to idiot factor and manipulation by opec and replacement oil to Europe from here