Post by
shakka on Feb 24, 2021 11:10am
We are going into a Oil supply crisis
Stop talking about $8-$10 VET price. We will be above 30 next year this time. Shale isnt coming back online, and demand is going to come back at a record pace by the next qtr.
I dont think OPEC will flood the market with oil and even if they do, there is a cap of I think 5-6million barrels they can add if all production came back.
Remember that OPEC has been maintaining supply and no new captial investment has gone in just like the US and Canada.
Check back in 1 yr and enjoy the ride. Its been a tough 5yrs for oil investors but our time is here.
Comment by
shakka on Feb 24, 2021 4:55pm
Supply Crisis my friend. I suggest you read these guys research. It is well written and informative. You can draw your own conclusions. https://gorozen.com/research/commentaries/2Q2020_Introduction Regarding Schachter or anybody for that matter, VET would have been at $30 if COVID didn't hit. It will be back to $30 sooner than you think. You can mark this post!
Comment by
bogi on Feb 25, 2021 1:27am
1 ) The link is not working - pls. try again . Josef S. did buy VET at $ 30 and then the bottom fell out of energy . I did mark it !!!! Will talk again !