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re: Thoughts on the Oil & Gas sector
Posted on 6/30/17 at 7:39 am to dirtsandwich
Posted on 6/30/17 at 7:39 am to dirtsandwich
quote:This is just my opinion, but I don't see a high probability of a 50% drop. What I meant in that last post was that I am not seeing the same expectation of a near-term recovery. I think throughout 2015 and 2016, people assumed that they could just "hold tight" and ride it out until oil bounced back to >65 or so.
I know it's speculation but you think a bit more is 20%? Closer to 50%?
They were even willing to operate at a loss for a period until they made it through the downturn. Now, they are realizing that sub 60 may be the price for longer, and they need to adjust their current operations and development plans in order to be profitable.
2
Posted on 6/30/17 at 7:57 am to Spirit of Dunson
Thanks. Interesting stuff. I guess the real question is what is the likelihood of a sustainable rebound in price in the near term. I know next to nothing but your opinion makes sense to me.
Posted on 6/30/17 at 10:56 am to Spirit of Dunson
Thanks for the input. My objective is a buy low and wait for the recovery or a combination of continued efficiency increases and a less vibrant recovery.
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