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Bullboard - Stock Discussion Forum WesCan Energy Corp V.WCE

Alternate Symbol(s):  GPIPF

WesCan Energy Corp. is a Canada-based junior public resource company. The Company is engaged in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, United States of America. It is focused on exploration and development of light oil and liquids-rich natural gas opportunities in Alberta and... see more

TSXV:WCE - Post Discussion

WesCan Energy Corp > Goldman forecast oil to hit 80
View:
Post by Dragoon on May 01, 2021 4:15am

Goldman forecast oil to hit 80

Quote: Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer. https://www.google.ca/amp/s/oilprice.com/Energy/Energy-General/Goldman-Oil-To-Hit-80-On-Largest-Ever-Demand-Jump.amp.html
Comment by Dragoon on May 01, 2021 4:27am
If this happens then WCE will make huge profits with its actual low average production cost. I found that looking at Operating Expense from 2017 Q1 - 2020 Q3 that on average the Operating Expense is 30 CAD per BOE, taking into account production volume. I have an overview on the next page. It will be higher when I include royalties but also lower without workovers expenses. And they did a lot of ...more