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re: Thoughts on the Oil & Gas sector
Posted on 6/30/17 at 3:26 pm to cwill
Posted on 6/30/17 at 3:26 pm to cwill
Dont forget about the SCOOP and the STACK either, iirc they are around the same break even as the Permian.
However the Saudis have finally come to the realization that they are screwed and have lost all control of the price of oil. With this being said they have very few recourses and I think we will see them instigate a regional war in the area to help prices rebound. Their oil fields are protected by the US and they know it, I think we are already seen the groundwork being laid with the tough talk they have been throwing around lately in regards to Iran.
However the Saudis have finally come to the realization that they are screwed and have lost all control of the price of oil. With this being said they have very few recourses and I think we will see them instigate a regional war in the area to help prices rebound. Their oil fields are protected by the US and they know it, I think we are already seen the groundwork being laid with the tough talk they have been throwing around lately in regards to Iran.
This post was edited on 6/30/17 at 3:40 pm
1
Posted on 6/30/17 at 7:01 pm to GREENHEAD22
quote:
However the Saudis have finally come to the realization that they are screwed and have lost all control of the price of oil. With this being said they have very few recourses and I think we will see them instigate a regional war in the area to help prices rebound. Their oil fields are protected by the US and they know it, I think we are already seen the groundwork being laid with the tough talk they have been throwing around lately in regards to Iran.
I'm right there with you on this, most middle eastern countries have high breakeven costs and are burning through their war chests.
The new heir to the Saudi "throne" is the proponent of the Saudi Vision 2030 revitalization of their economy and the bank roll for that is the Aramco IPO. And right now Aramco isn't worth shite what they think it is at $40 oil.
If it goes to New York, I don't see it going over 6-700 billion.
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