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re: WTI Crude north of $72 today. Where is everybody?
Posted on 4/20/18 at 10:55 am to tigerpawl
Posted on 4/20/18 at 10:55 am to tigerpawl
Market wants to see it hold steady for a bit. With summer coming and OPEC continuing to curb production we could be headed for a nice recovery.
Hopefully most companies can operate much more leaner now since the downturn will inevitably return within a decade or so. Save some cash for that time
Hopefully most companies can operate much more leaner now since the downturn will inevitably return within a decade or so. Save some cash for that time
Posted on 4/20/18 at 12:39 pm to tigerpawl
The problem we see are not enough people for the service companies.
Posted on 4/20/18 at 1:44 pm to JayDeerTay84
They sure as hell don't seem to be in a hurry to hire people.
Posted on 4/20/18 at 1:50 pm to JayDeerTay84
quote:
The problem we see are not enough people for the service companies.
not willing to pay up that's for sure
Posted on 4/20/18 at 5:33 pm to b-rab2
Yea, things are moving much slower, but a lot of work is being done. I like the pace.
Posted on 4/22/18 at 9:43 pm to tigerpawl
They aren't ... investors are just more concerned with positive cash flows and cutting costs. So firms aren't running out hiring 100 engineers. They are hedging more of their production and optimizing what they've got. Unfortunately we are in a new paradigm.
Plus, there is a massive level of geopolitical risk premium baked into crude right now. If things deescalate, we could see a significant correction in the coming months.
Plus, there is a massive level of geopolitical risk premium baked into crude right now. If things deescalate, we could see a significant correction in the coming months.
Posted on 5/17/18 at 9:29 am to tigerpawl
Rig count up well over 100 YTD
Not quiet where I’m at. Rig count up. We hired over 30 people YTD which is an 8% increase. And if you bought GE when it was under 13 like many suggested here, you be looking good over the last few weeks.
Not quiet where I’m at. Rig count up. We hired over 30 people YTD which is an 8% increase. And if you bought GE when it was under 13 like many suggested here, you be looking good over the last few weeks.
Posted on 5/18/18 at 10:05 am to tigerpawl
I'm 220 miles out in the GoM drilling ahead helping keep this going.......
Posted on 5/21/18 at 11:12 am to Fat Bastard
I closed out one position in cop today. Hit my target. Have held for years. Took a position in xom at 82. Like it long term and the 4% yield while waiting.
Posted on 5/21/18 at 6:10 pm to dwr353
All of the refiners are eating. Valero is one that is just insane right now. I expect 2 more great quarters from all the refiners with refining margins and crack spreads improving and oil jumping up. Throw a dart and buy one, sell in early 2019.
This post was edited on 5/21/18 at 6:11 pm
Posted on 5/22/18 at 1:27 am to tigerpawl
Great news for everyone except Permian producers. Differentials in the Permian are all of a sudden north of $10 due to takeaway constraints. Absolutely crazy how quickly this has transpired. Too much production growth without enough pipelines online. Basically living at $55 oil when the diff is factored in. Interested to see how much the GoM will continue to heat up. Great news for the Louisiana economy at least.
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