Paramount Resources Ltd T.POU

Opec+

[MaterialsMan]

The consortium announced this A.M. that cuts will remain into '25.
Some members have revealed they need 80 dollar oil to "keep their budgets balanced". I can only assume that means making a hefty profit.
An impression I got from a strong supporter of POU suggested it could make a profit with oil at 50.
Assuming that's the case, then positive results are probably in store.

[MaterialsMan]

The announcement doesn't appear to be having the desired effect.

[WillyGreen]

Market is dumb. Full stop. I have been adding stock and options yesterday and today.  As for the OPEC meeting, the proposed unwinding of 2.2m bpd voluntary cut starts in October (data defendant mind you) and last one year. The balance of the cuts get extended to the end of 2025. If demand hits ipex estimates of 104m bpd in q4 then we need every barrel possible to meet that number. Even the

[WillyGreen]

Dependant not defendant.  opec not ipex.