Tamarack Valley Energy Ltd T.TVE

Saudi Arabia needs oil price near $100:IMF

[spurwing2]

https://finance.yahoo.com/news/saudi-arabia-needs-oil-price-164913279.html

[Paray99]

But West, mainly US will not let that happen as it will add inflationary pressures.  So, getting oil near $100 I very unlikely. What we need is just stability around $80-$85. Higher oil prices are bad for oil companies as they proved it in the past. They do all kind of $$it to damage the company and misuse extra cash flow. So, there is no sentiments to oil companies.

[bows333]

The West won't let this happen? The US told Israel to not attack Iran, they did it anyway. The West told Russia not to attack Ukraine, they did it anyway. Biden made a trip to Saudi Arabia to ask them to increase production; after Biden left they cut production. Would any of these things have happened during the Reagan presidency? Absolutely not. The world has changed. The US does not have the

[wannabebuffet]

After the US election in November oil prices will likely move up. Saudia Arabia has already scaled back the size of the new city they plan to build. That will not sit well with them and they will need higher prices to reach their plans. TVE does fine with 80 dollar oil so is a deal at current price. 1Q report will clear the picture on TVE.

[cre8value4me]

Agreed as the money continues to flow down to the smaller caps we will see similar appreaciation to the athabasca's of the world...............Patience is getting quite close to pay off!! The large caps have alreadty made the big moves cycle on! JMHO