Started By
Message

re: WTI Crude north of $72 today. Where is everybody?

Posted on 4/20/18 at 10:55 am to
Posted by jcaz
Laffy
Member since Aug 2014
15528 posts
Posted on 4/20/18 at 10:55 am to
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
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 4/20/18 at 11:34 am to
Trump says chill
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 4/20/18 at 12:39 pm to
The problem we see are not enough people for the service companies.
Posted by GREENHEAD22
Member since Nov 2009
19582 posts
Posted on 4/20/18 at 1:44 pm to
They sure as hell don't seem to be in a hurry to hire people.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 4/20/18 at 1:50 pm to
quote:

The problem we see are not enough people for the service companies.


not willing to pay up that's for sure
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 4/20/18 at 5:33 pm to
Yea, things are moving much slower, but a lot of work is being done. I like the pace.
Posted by Waveed
In a barrel of oil
Member since Jan 2018
40 posts
Posted on 4/22/18 at 9:43 pm to
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.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22233 posts
Posted on 5/17/18 at 7:54 am to
Sure is quiet out there.
Posted by kciDAtaE
Member since Apr 2017
15677 posts
Posted on 5/17/18 at 9:29 am to
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.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/17/18 at 9:49 am to
sdrl up 45% we comin
Posted by Potchafa
Avoyelles
Member since Jul 2016
3172 posts
Posted on 5/18/18 at 10:05 am to
I'm 220 miles out in the GoM drilling ahead helping keep this going.......
Posted by dwr353
Member since Oct 2007
2130 posts
Posted on 5/21/18 at 11:12 am to
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 by Triple Bogey
19th Green
Member since May 2017
5974 posts
Posted on 5/21/18 at 6:10 pm to
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 by Enfuego
Uptown
Member since Mar 2009
9881 posts
Posted on 5/22/18 at 1:27 am to
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.
first pageprev pagePage 3 of 3Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram