Post by
TonyDj on Sep 28, 2016 9:32am
I agree. Well Hedged for 2017 at $50 WTI.
Company can make money at $40 WTI. Futures markets are already a lot higher from the low of $26 an have been pretty firm around this 43-45 range . Gas prices in the states are averaging less than $2 a gallon. Stocks are being used up and demand is strong . People still drive to work. Bankers have been burned and are tight with credit. Easy money is gone. This is what will rebalance the market less investment means less supply and existing oversupply is being used up.