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Started By
Message
re: When will oil come back?
Posted on 5/3/17 at 3:25 pm to Sun God
Posted on 5/3/17 at 3:25 pm to Sun God
quote:
I just want it to get back to a level where the TMS wells are profitable again. It was nice working a half hour from the house
I was reading in the Oil and Gas Investor today about the company that just bought Encana's TMS stuff. Have no earthly idea what they could be looking at in this price environment. They compared it to an "early Eagle Ford". They'll probably destroy some more capital and walk away pretty soon.
3
Posted on 5/3/17 at 3:28 pm to TigerDog83
Decommissioning old offshore facilities is likely to become a big business. Starting in the North Sea then probably moving to the GOM.
This post was edited on 5/3/17 at 3:29 pm
Posted on 5/3/17 at 4:07 pm to TigerDog83
quote:
was reading in the Oil and Gas Investor today about the company that just bought Encana's TMS stuff. Have no earthly idea what they could be looking at in this price environment. They compared it to an "early Eagle Ford". They'll probably destroy some more capital and walk away pretty soon
That's ridiculous. Hopefully they got a cheap deal, because companies were struggling to make that profitable at $90 oil
Posted on 5/3/17 at 4:17 pm to TigerDog83
quote:
They'll probably destroy some more capital and walk away pretty soon.
This is a great line that sums up a lot more than oil and gas. Restaurant owners come to mind.
Care if I borrow it from time to time?
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