We need big PP in asap
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We need big PP in asap
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
Cowboy Hunter
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Originally Posted by DonJuan
This quote is hidden because you are ignoring this member. Show QuoteCame back to ogle 2Legit2Quit wife's buns...This quote is hidden because you are ignoring this member. Show Quote
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A "cut" when they were already producing under quota, may not mean as much as it appears in terms of actual barrels. But whatever, this is good for Canada and for ExtraSlow and aligns with the stated goals of the Enviro-left. A rare triple-win.
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Cut starts in May till end of year.
Basically, a fuck you, old man Biden.
"The Biden administration said it sees the move announced by the producers on Sunday as unwise.
"We don't think cuts are advisable at this moment given market uncertainty - and we've made that clear," a spokesperson for the National Security Council said."
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I get a case of the feels every time a united states president tells another country they should increase oil production. I can't describe the feeling exactly, but it's a big feel.
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Especially when said president is very anti oil.
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No no. You see that’s the preferred method - our left governments are only anti oil at home. They prefer lots of oil produced elsewhere because of the low energy price. It also lowers inflation, meanwhile this new move will increase inflation again. This is hilarious, and sad.This quote is hidden because you are ignoring this member. Show Quote
This probably just forced the FED for another increase next month.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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It's okay guys I'll make summer road trip plans and it'll shoot up to 120 a barrel like it did on me last year when I drove to Yellowknife in June.
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This quote is hidden because you are ignoring this member. Show QuoteSo where's lunch going to be?This quote is hidden because you are ignoring this member. Show Quote
Originally posted by max_boost
Hey baller, any problem money can solve is no problem at all. Don't sweat it.
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I'm really glad I pay my SPE dues for access to the JPT which contains insightful stuff like this:
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"Insightful"
Ultracrepidarian
Beyond Bully
Good question lolThis quote is hidden because you are ignoring this member. Show Quote
He’s better RE agent than stock market predictor
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
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Pretty big news about Repsol Canada today - sold to Peyto for $636 million
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coffee shop soy boy
Does it smell like 2013 to anyone else lol
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.This quote is hidden because you are ignoring this member. Show Quote
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As in one more year of gravy then massive crash?This quote is hidden because you are ignoring this member. Show Quote
The issue with this oil boom is it’s hardly a boom. We need to remember oil has a 25% inflation situation. So at 80, it’s basically $60 from 2019. Comfortable, but not booming.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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I see what you are saying but they’ve also dropped their lift cost over 2013. Saw a figure today that between dividends and share buyback, the industry will yield 12% in 2024This quote is hidden because you are ignoring this member. Show Quote
coffee shop soy boy
As in splashy, questionable, acquisitions paid for with debt when prices were decent led to a lot of companies cratering at the first sign of soft prices.This quote is hidden because you are ignoring this member. Show Quote
Maybe less 2013 than 2014, but you get the idea
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.This quote is hidden because you are ignoring this member. Show Quote
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It's going to be different this time.
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This guy oilsThis quote is hidden because you are ignoring this member. Show Quote
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Repsol's liabilities were pretty gross and would have a lot of facilities doubled up with Peyto so hopefully they actually stick to their reported 2% (or more) liability reduction plan. With their reported capital spend thats like $8-9M
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