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Posted on 11/30/20 at 11:04 pm to RedRifle
quote:
Oil prices have been in the shitter all through this presidency.
Isnt oil in the mid-40's right now?
Posted on 11/30/20 at 11:04 pm to RedRifle
Our ability to be energy independent, to produce & refine our own O&G or would you prefer us to go back to the days of our dependence upon foreign oil? There’s dozens of baws on here that can give you the answer straight from the horse’s mouth. That cheap gas at the pumps is a small fraction of what the very infrastructure of this country is reliant upon.
Posted on 11/30/20 at 11:37 pm to Boomdaddy65201
quote:
It means more expensive everything
No it doesn't
Posted on 12/1/20 at 12:33 am to RedRifle
Worked in that group for 3 years until last fall. Many close friends and great people lost their jobs today. Hopeful that most will bounce back. Completely unexpected.
Posted on 12/1/20 at 3:03 am to fightin tigers
quote:
Isnt oil in the mid-40's right now
Thats on the low end for sure
Posted on 12/1/20 at 6:45 am to RedRifle
Way to go Biden, you stupid frick.
Posted on 12/1/20 at 6:49 am to RedRifle
The Baltimore, Mobile, & Ohio was a cracker jack railroad back in my day.
They shouldn’t ever have gotten into O&G Investment Banking in the first place.
Now get this thread off my porch and take it to the Money Board where it belongs.
They shouldn’t ever have gotten into O&G Investment Banking in the first place.
Now get this thread off my porch and take it to the Money Board where it belongs.
Posted on 12/1/20 at 6:51 am to RedRifle
Someone else is gonna step in and invest in a different direction with petroleum.
It’s not going away, just changing directions
It’s not going away, just changing directions
Posted on 12/1/20 at 6:59 am to fightin tigers
quote:
Isnt oil in the mid-40's right now?
That is the shitter.
Posted on 12/1/20 at 7:01 am to YouAre8Up
quote:
Way to go Biden, you stupid frick.
Are you stupid or are you stupid?
Posted on 12/1/20 at 7:27 am to Fat and Happy
quote:
Someone else is gonna step in and invest in a different direction with petroleum. It’s not going away, just changing directions
This. There needs to be a lot of consolidation too.
Posted on 12/1/20 at 7:49 am to Kafka
Wait until you find out what TD stands for in TD Ameritrade lol
Posted on 12/1/20 at 7:52 am to fightin tigers
quote:
quote:
Oil prices have been in the shitter all through this presidency.
Isnt oil in the mid-40's right now?
That is slightly above break-even point for most operations based on some survey's I did back when it crashed 4ish years ago
Posted on 12/1/20 at 7:54 am to Sneaky__Sally
$40 ish, isn't it usually $80-100 prior to the recent instability?
Posted on 12/1/20 at 8:00 am to Kafka
quote:
I only opened this thread to find out what the frick this stands for
Bee Mo'
Posted on 12/1/20 at 8:03 am to BorrisMart
quote:
$40 ish, isn't it usually $80-100 prior to the recent instability?
I don't remember it getting back up to $80 but it seemed to fluctuate around $60 - $75 in the years leading up to COVID
Posted on 12/1/20 at 8:05 am to fightin tigers
quote:
O&G as an investment is on the way out.
China winning again. They will never stop using and investing in oil. Same as they did with coal.
Posted on 12/1/20 at 8:08 am to RedRifle
Everyone saw the debate. Biden straight up said he/they were going to end O&G. Shell is straight up abandoning a refinery here in LA. Something people believed impossible.
Posted on 12/1/20 at 8:09 am to RedRifle
quote:
The company is eliminating about 50 positions
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