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Started By
Message
4
Posted on 3/29/20 at 6:20 pm to SoloTiger
quote:
$10 bbl is not out of the question according to my cousin that works for Shell.
"My cousin that works for Shell" is like the "my wife's friend's neighbor on Facebook"
But yeah, while nobody knows what will happen, nothing is out of the question. Could be negative prices, or we get black/white swan even and the shite shoots to $100
Posted on 3/29/20 at 6:22 pm to SoloTiger
quote:
$10 bbl is not out of the question according to my cousin that works for Shell.
wow if true
Posted on 3/29/20 at 6:42 pm to SoloTiger
quote:
EOG will survive.
Unless prices improve not even eog, a shaleco, can survive this price environment.
Posted on 3/29/20 at 10:48 pm to SoloTiger
quote:
$10 bbl is not out of the question according to my cousin that works for Shell.
It will likely approach 0 soon. There will be nowhere to store it. It's essentially a useless commodity during this snapshot in time.
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