Valeura Energy Inc T.VLE

oil to 300$ + within a year

[jetfuel10X]

must watch - a bit long butyou will learn a ton
https://www.youtube.com/watch?v=n_ICeHT4I6s

[SMlachake]

Imo, $300 oil is a pipe dream, global economy cannot support that. I prefer to work with more realistic and sustainable numbers. VLE has done its valuations based on $85 Brent for 2023. It will still make good money even at numbers well below that. Watching out for Wassana vessel recertification NR as we are mid month as of Monday.

[goldwatch69]

Oil will be $90 in short order and $100 later this year. Count on it.  Russian vessels cannot get insurance and they won't be allowed into ports. China has chained vessels together in the high seas to take on Russian oil and transport it to port. Nuts! As Russian oil stops flowing, infrastructure will freeze up and crack. Will take forever to repair.  In the meantime,  demand

[SMlachake]

These are realistic but still painfull numbers imo (100-120 long term). $300 oil cannot be supported by global economy and would lead it to collapse, not especially when there is also a costly war in Europe that is causing shortages of grain, metals and fertilizer. Have in mind that for everyone else, oil is a cost of production. Prices significantly above 100 slowly start to initiate a global

[firstworld]

LOL.   Russia has its own fleet of nearly 400 oil tabkers by now, plus pipelines to the east, and south.   India, China, anf ME all issue the insurance as does Russia with state guarantees.    The 500K bbl cut is a penalty against anti free market nations who are less than 10% of population. Russia sells less earns more profit.  They had the most proftable year