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Thread: Oil Price MEGA THREAD - Yeah baby it's MEGA

  1. #21
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    Quote Originally Posted by nzwasp View Post
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    I know they aren't officially correlated but what's the expectation of premium gas price by end of March? $2 per L
    The only thing you can bet on is 3c more of carbon tax is coming on Apr 1st.

  2. #22
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    $1.80 this morning in Vancouver.
    *For REGULAR...

  3. #23
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    The solution is don’t be poor.

    I also use Costco fuel in my shitbox.

  4. #24
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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    The solution is don’t be poor.

    I also use Costco fuel in my shitbox.
    Costco is top tier gas …

  5. #25
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    Wow WTI up ~$10/bbl $105!

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    I won't lie, I had a double meat and double cheese sub today...

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    Quote Originally Posted by vengie View Post
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    I won't lie, I had a double meat and double cheese sub today...
    I had a double meat viet sub! That’s living!
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  8. #28
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    Quote Originally Posted by vengie View Post
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    I won't lie, I had a double meat and double cheese sub today...
    Braggart. (jelly)
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  9. #29
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    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  10. #30
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    Biden and the current WH administration are a bunch of morons, so this isn't surprising.

    Strangely, Alberta is now part of OPEC+, so I guess that's good for us.

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    Quote Originally Posted by ExtraSlow View Post
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    https://financialpost.com/commoditie...ng-keystone-xl

    Been landing on deaf ears ever since he ask OPEC for more oil meanwhile you get all the access you want in Canada.

    Part of me thinks it's punitive since the Chinese is playing in our backyard.

  12. #32
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    Don't tell coupe we have a mega thread.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  13. #33
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    Having stayed in touch with my friend at Cenvous, CNRL etc.. I'm glad to see that nobody is urgently lighting up capital projects, land plays or major acquisitions.

    Being cashflow positive and liquid over the most uncertain period of Petrochem is kinda a smart move

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    Currently you can still buy assets for less than drilling new wells. There will be some more consolidation coming before huge capital budget increases.
    Service companies will need to raise prices next. 20-40% depending on the market segment is my guess.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by ExtraSlow View Post
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    Currently you can still buy assets for less than drilling new wells. There will be some more consolidation coming before huge capital budget increases.
    Service companies will need to raise prices next. 20-40% depending on the market segment is my guess.
    100% labour, logistics, consumables...

  16. #36
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    Quote Originally Posted by ExtraSlow View Post
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    Currently you can still buy assets for less than drilling new wells. There will be some more consolidation coming before huge capital budget increases.
    Service companies will need to raise prices next. 20-40% depending on the market segment is my guess.
    I'd say your guess is probably pretty spot on. I know we have a few guys a little closer to the dollars and cents on the board here but I'm hearing targets for frac being of 20% increase for long term contacts and one off/spot work being 40% plus. Service rigs are poised for a 25% or so increase along with all the other auxilliary services. I'm too far removed from drilling to know what costs look like there but lots of chatter is happening.

    Lots of my contacts are talking about keeping D&C plans relatively flat or only a minor uptick until price increases have been realized
    Quote Originally Posted by rage2 View Post
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    ...Last thing I want is someone reading my posts and losing their cock over it...
    Quote Originally Posted by Sugarphreak
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    Meh, they all look like Jackie Chan to me
    Quote Originally Posted by ExtraSlow View Post
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    I'm generally cute.

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    *Halliburton announces it has bought out the entirety of stadium for Super Bowl 2023*
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  18. #38
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    Quote Originally Posted by schurchill39 View Post
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    I'd say your guess is probably pretty spot on. I know we have a few guys a little closer to the dollars and cents on the board here but I'm hearing targets for frac being of 20% increase for long term contacts and one off/spot work being 40% plus. Service rigs are poised for a 25% or so increase along with all the other auxilliary services. I'm too far removed from drilling to know what costs look like there but lots of chatter is happening.

    Lots of my contacts are talking about keeping D&C plans relatively flat or only a minor uptick until price increases have been realized
    I have a view into a pretty narrow market niche, but I can say that field service providers are very busy and need to buy more equipment, materials and parts to maintain current activity levels, let alone any increase in activity. Some smaller service providers are confident enough to order long-lead materials that won't be field-ready until Q4. And prices have gone up substantially in the last year. That kind of confidence has been really rare for a very long time. Handy for me, I have a couple deals on some long-lead items that could make my boss happy.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  19. #39
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    We have lots of service providers as clients and they've been busy for quite a while.

  20. #40
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    Yes.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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