Post by
retiredengexec on Dec 08, 2020 8:24am
La Nina
La Nina provides eastern NA and se us warmer winters. So it's TRUE to form and gas prices are tanking. Jan Nymex trading at 2.40 a drop of 6 percent yesterday. Jan is supposed to be the highest price in the strip. But oil outlook seems to be forming up. Should favour oily companies like VII.
Comment by
regardless on Dec 08, 2020 8:44am
Retiredenergyexec don't forget that Congress is going to hash out another coronavirus stimulus deal and remember what that did to stocks .... if oul can hold the 44-46$ range the next pop to 48-48.40$ will put vii at close to 8.25$ throw a stimulus approval in there amd we see 9.50$
Comment by
retiredengexec on Dec 08, 2020 9:51am
All good points Regardless. Once the vaccines get out US demand could rise by 3 plus million bbls per day. Let's hope OPEC PLUS stays disciplined.
Comment by
Robertboblaw on Dec 08, 2020 11:58am
I'm done watching gas prices. Everytime I get excited as it rises to $3 - $3.50 it just tanks back to $2 $2.50. Whatever so long as oil stabilizes in this range, anything above $2.25 gas is alright. If your well produces a good amount of oil and liquids, whatever gas it produces (even at $2, $2.50) is essentially just a bonus. At least, that's how I see it.
Comment by
retiredengexec on Dec 08, 2020 3:36pm
</meant to say all basins are profitable above 3.00 bucks. it's very easy to add 10 or 20 bcfpd with relatively few rigs.>
Comment by
regardless on Dec 08, 2020 3:39pm
With a vaccine rollout started and stimulus almost a given now ... oil will go to 50$ in turn we head to 8.50$
Comment by
retiredengexec on Dec 08, 2020 3:53pm
Once we have oil in 5's we go to 10 or more.. That said, our opec friends have 7.2 million bbls per day of shut in production. Question will they or wont they stay disciplined? Anyone who says they know are delusion as there are so many moving pieces.
Comment by
regardless on Dec 08, 2020 4:33pm
I'm looking for a sharp decline in the USA with Biden at the helm... I'm also looking at middle east tensions but yes I agree opec as garbage as they are will be a big influencer of where we go
Comment by
regardless on Dec 09, 2020 11:55am
This stock as well as oil has shown a huge resilience today to the massive 15 million barrel inventory build reported ! I think we now have a new base at 6.18$ amd I believe the market is awaiting a stimulus and vaccine approval to ramp back up
Comment by
topdown99 on Dec 09, 2020 1:10pm
One last point retired , you said "have patience" in your reply to regardless . I don't think anyone here has a "short term" viewpoint on VII , personally I am in for the long haul as I still see + $10/sh within the next 6 months .
Comment by
topdown99 on Dec 09, 2020 3:04pm
Thats for sure Robert , this company is very unique and as oil recovers so will VII . The minor day to day moves against the real value here are another example of the "can't see the forest for the trees" argument . The long view will pay in this case
Comment by
retiredengexec on Dec 09, 2020 9:15pm
Top. I do too. And oil didn't drop despite the build.