Post by
Kramerkarma on Apr 27, 2022 9:34pm
Eia reminder.
total stocks drawing. Summer demand travel farming boating ect. N Dakota had 400k barrels offline 3 weeks will show up next eia. Hurricane season coming in a active weather year. Russia down 1-2M bbl/d ... alof of stuff adding up. Nowhere near even going sideways yet. And fx is great along with nat gas. This h1 will be unreal to have production up and debt down. I'm keeping my stick on the ice.
Comment by
JohnJBond on Apr 27, 2022 10:18pm
WTI oil is holding very well with the recent strengthening of the US$
Comment by
TheRexmember on Apr 27, 2022 10:41pm
I guess it also really depends on your timeline. 30 dollars in under two years - 50 dollars over 2-4 years? Faster if they hit something interesting up north. the 500 section of land they have in Peace River are really a massive wild card. If they are willing to pay 13.5 million for 14 sections of land then I suspect there is a lot of value waiting to be unlocked there.