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re: OPEC Meeting
Posted on 11/30/16 at 1:06 pm to LSUEEAlum
Posted on 11/30/16 at 1:06 pm to LSUEEAlum
Same here. I've been all in since 1 1/2 yrs ago. Just now starting to reap the benefits but what a lot of people don't understand that aren't in the industry is that this is just the tip of the iceberg for rebounds. Don't read the articles that come out on a day to day basis. It's simple business logic. All budgets are agreed upon at the end of the calendar year. If oil prices are down, CAPEX will be limited which means less supply for the next 2-5 years. Remember, this all SHOULD be supply and demand driven but it seems like this market is moving on headlines as of recently.
Posted on 11/30/16 at 1:47 pm to BOBERT
except that a lot of the wells that are offline come back on when prices get to a certain point.
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