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Started By
Message
re: Alright oilfield Baws whats going on with the price of oil???
Posted on 10/3/18 at 5:30 pm to FLObserver
Posted on 10/3/18 at 5:30 pm to FLObserver
Taxes from uncle sam
0
Posted on 10/3/18 at 5:32 pm to Collegedropout
quote:
Oh really? I guess it’s time to move to Midland
You call that livin?
Posted on 10/3/18 at 6:04 pm to Cosmo
Unfortunately Lafayette is still not doing well because the oil that’s pumping isn’t relative. West Texas and Deep Off shore.
Posted on 10/3/18 at 6:07 pm to Collegedropout
quote:
Oh really? I guess it’s time to move to Midland
Your application has been denied
Posted on 10/3/18 at 6:08 pm to donRANDOMnumbers
Houma isn’t doing well either
Posted on 10/3/18 at 6:14 pm to FLObserver
Sanctions on Iran took about 1 million bpd off the market and supply hasn't caught up with that.
Brent will flirt with $90-93 and settle down to $77-80 before the year is through.
Doubt we'll see $100.
Bet WTI hits $78 and then comes back down to high $65-$68 range, especially when the Permian get pumping again.
Brent will flirt with $90-93 and settle down to $77-80 before the year is through.
Doubt we'll see $100.
Bet WTI hits $78 and then comes back down to high $65-$68 range, especially when the Permian get pumping again.
Posted on 10/3/18 at 6:14 pm to FLObserver
So you are speculating the price will go up? Ironic
Posted on 10/3/18 at 6:17 pm to Collegedropout
quote:
Oh really? I guess it’s time to move to Midland
Too late. Wait list for lodging
Posted on 10/3/18 at 11:30 pm to kjp811
quote:
Brent will flirt with $90-93 and settle down to $77-80 before the year is through.
Doubt we'll see $100.
Bet WTI hits $78 and then comes back down to high $65-$68 range, especially when the Permian get pumping again.
That's a hot take considering most are saying around $100 come early 2019
Posted on 10/3/18 at 11:36 pm to FLObserver
quote:
I have a feeling a gallon of gas is about to go over 3.00 been a while just kinda makes me sad
About damn time!! My O & G investment almost went to zero, I’m hoping oil hits $125 a barrel real soon.
Posted on 10/4/18 at 3:29 am to FLObserver
Gas has been over $3 for a year now.
Posted on 10/4/18 at 3:41 am to AncientTiger
quote:
About damn time!! My O & G investment almost went to zero, I’m hoping oil hits $125 a barrel real soon.
WTI around $80 right now. Major pipeline issues currently. Big players have theirs locked in through M&A, little guys will feel the pinch. New pipeline will online 2019 Q3-ish and then it is truck nutz for all. Horizontal drilling/frac tech improvements will only make things more profitable. Permian stacked, OPEC fricked.
If you want to maximize investments over next 12 months look at players who are diversifying to offshore and WY. Devon, EOG, Anadarko, and Chesapeake are a few to watch. Powder River Basin is about to pop, relatively speaking.
Also, with the short term challenges in the Permian you could probably buy some stocks at discount as people bail.
This post was edited on 10/4/18 at 3:43 am
Posted on 10/4/18 at 5:05 am to IllegalPete
I could get behind a $2.50/gallon price. Not too high for the consumer, and plenty of money for the O&G companies and their employees.
Posted on 10/4/18 at 6:35 am to TigerDog83
2.33 at the BR Costco
Posted on 10/4/18 at 7:28 am to AncientTiger
quote:
About damn time!! My O & G investment almost went to zero, I’m hoping oil hits $125 a barrel real soon.
Posted on 10/4/18 at 7:31 am to tigerinthebueche
quote:
All they know is that paycheck is enough to finance an F250 for 96 months baw.
lololololololoololololololololool
soo funny. just needed the truck nuts ref to be perfect.
Found out who is the oilfield baw
This post was edited on 10/4/18 at 7:33 am
Posted on 10/4/18 at 7:31 am to Captain Crackysack
quote:
That's a hot take considering most are saying around $100 come early 2019
Links?
Posted on 10/4/18 at 8:54 am to Cosmo
Truck nuts for everyone
Posted on 10/4/18 at 9:07 am to Mingo Was His NameO
Posted on 10/4/18 at 9:10 am to Captain Crackysack
quote:
Many traders said these $100 bets face long odds. Option contracts used to speculate on far-fetched outcomes tend to be cheap, and if crude's rally stalls
From your own link. I'm not saying it won't happen, but I also wouldn't call it likely.
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