$30 barrel oil?

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

Trumpy Killed an Iranian General.

Tomorrow will be a good day to own oil stocks.

https://nationalpost.com/news/irans-...-spokesman/amp

So after a few market days to settle things down, it looks like this has added $2/bbl to the price of Brent. Went from $66 point something to $68 point something. Now $2 on $66 is only 3%, so really, ho hum, no big deal. I think a significant risk premium was already baked in to the prices. Now a sustained disruption to shipping through the Strait of Hormuz would really move the needle as it could restrict actual supply. What happens on the land is a side-show. What happens in that 100 square kilometers of ocean is the real deal.

[vengie]

On the plus side, the rig count in Canada is almost at 250! Significantly more than most analysts predicted.

Double meat subs in no time.

[msommers]

https://www.cbc.ca/news/politics/sup...tain-1.5429423

Slowly but surely things are progressing.

[ExtraSlow]

I feel like I'm going to have nothing to be angry about once trans mountain, coastal gaslink, and KXL are all operating.

I'll only post in the "nice" thread I guess?

[killramos]

This quote is hidden because you are ignoring this member. Show Quote

I feel like I'm going to have nothing to be angry about once trans mountain, coastal gaslink, and KXL are all operating.

I'll only post in the "nice" thread I guess?

Don’t worry, it will be tax season soon enough.

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

Don’t worry, it will be tax season soon enough.

That's only a problem for double- meat one percenters like you. I don't earn enough to get mad about tax.

[Darkane]

In other news - get your life preservers ready - The USA broke their record again.

13 million barrels a day production. That is unbelievable.

I’m estimating we see 14 million this year too. Or more!!

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

In other news - get your life preservers ready - The USA broke their record again.

13 million barrels a day production. That is unbelievable.

I’m estimating we see 14 million this year too. Or more!!

I don't even know any more.
https://oilprice.com/Energy/Energy-G...This-Year.html

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

I feel like I'm going to have nothing to be angry about once trans mountain, coastal gaslink, and KXL are all operating.

I haven't checked all these projects and numbers, but from a linkedin post here's the various "capacity adding" projects underway, proposed or recently completed:

This quote is hidden because you are ignoring this member. Show Quote

Incremental Capacity - Adding it All Up: 2.6 mmbbls/d
Keystone (Drag Reduction Agents (DRA)): +50,000 bbls/d
Express debottlenecking: +50,000 bbls/d
Enbridge (other optimization and DRA): +135,000 bbls/d
Increased Rail Y/Y: +250,000 to 300,000 bbls/d
Enbridge Line 3 Replacement: +370,000 bbls/d
TransMountain: +590,000 bbls/d
Southern Lights C5+ Reversal: +150,000 bbls/d
SinoCan Refinery Upgrader: +167,000 bbls/d
Keystone XL: +830,000 bbls/d
Any additions perhaps?

[ExtraSlow]

@Darkane here's the latest update from the folks at ShaleProfile. It's imperfect data, but it's the best free mineable data set I know. Permian Basin Production through the end of October 2019. If you squint, you can convince yourself that the final month is flat. But then again, one data point doesn't make (or break) a trend. It'll take a few months before the real trend is revealed.


You'd need to see the broader EIA data show a rollover to really believe this.

[Darkane]

This quote is hidden because you are ignoring this member. Show Quote

@Darkane here's the latest update from the folks at ShaleProfile. It's imperfect data, but it's the best free mineable data set I know. Permian Basin Production through the end of October 2019. If you squint, you can convince yourself that the final month is flat. But then again, one data point doesn't make (or break) a trend. It'll take a few months before the real trend is revealed.



You'd need to see the broader EIA data show a rollover to really believe this.

It matches the EIA production updates. Awaiting today’s, possible 13,100?

Oil is getting cheaper again.

[ExtraSlow]

I hope the low price scares away another 30 rigs in Texas for a few months.

[sabad66]

Horgan concedes that trans mountain will be built! Hope they can fuck off now once and for all

https://trib.al/vHC49zP

[Misterman]

This quote is hidden because you are ignoring this member. Show Quote

That's only a problem for double- meat one percenters like you. I don't earn enough to get mad about tax.

Doesn't matter if I make 100$ or a million bucks. Stealing 50% of my shit is still enough to make me angry.

This quote is hidden because you are ignoring this member. Show Quote

I haven't checked all these projects and numbers, but from a linkedin post here's the various "capacity adding" projects underway, proposed or recently completed:

With them lumping C5 in there it makes the numbers sound suspect as they are obviously trying to inflate them. Either way, good to see production going up.

[ExtraSlow]

My favourite SPE editor, because I had some beers with him in houston at a really cool little pub.
Life After 5: How Tight-Oil Wells Grow Old

[ZenOps]

https://oilprice.com/Energy/Energy-G...-Are-Done.html

The Cramer says "done".

[Xtrema]

This quote is hidden because you are ignoring this member. Show Quote

https://oilprice.com/Energy/Energy-G...-Are-Done.html

The Cramer says "done".

They just need CEOs that drop sick beats on Soundcloud.

[sabad66]

Court rules the feds consulted Natives properly. Whew!
https://www.cbc.ca/news/politics/fed...tain-1.5450748

Hopefully this is the last major hurdle

[pheoxs]

This quote is hidden because you are ignoring this member. Show Quote

Court rules the feds consulted Natives properly. Whew!
https://www.cbc.ca/news/politics/fed...tain-1.5450748

Hopefully this is the last major hurdle

@ExtraSlow that wings and a pint is looking mighty good right now

Although this isn't the final hurdle ... They have 60 days to appeal it to the supreme court still (Which I assume they well just for the sake of trying to stall things further)

[msommers]

Holy shit, this great news!!