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re: Are O&G stocks about to rise significantly?
Posted on 5/1/20 at 5:20 pm to MadtownTiger
Posted on 5/1/20 at 5:20 pm to MadtownTiger
quote:
I think oil prices will rebound well back into the 40s possibly 50s by the end of the year. Crude stockpiles are incredibly high right now but with a large portion of wells shut in, we will burn through that stockpile pretty quick. When they reopen these wells, there will be several issues that will reduce how much these wells will produce. I would imagine any that have been shut in will only produce 50% of their normal amount.
I agree. Idk about what the timeline might look like but all this shite will eventually lead back to $100+ barrel oil
1
Posted on 5/1/20 at 9:23 pm to Captain Crackysack
quote:
but all this shite will eventually lead back to $100+ barrel oil
Absolutly long term, but short term the big players are about to have to pump themselves out a bind.
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