Making on the back of all these contracts negotiated at $70 and how much if the oil price sinks to $50 then $40. Happy days!! Absurd price absurd amount of buying from the BOD plus those options, feel so secure now. You are right how to turn a advantageous EWT into a disadvantage given the slump, descimation of the SP since.
is back . Perhaps that is the smell . What RC has done scrott, is turn a disadvantage into an advantage . Where will the oil price be in three years . Hmmm let me think .Hmmmm most likely $80 plus , so if we are not due to pump for 3 years , but can use the weak demand for contracts today to our advantage , is that not a good and sensible thing to do scrott . Errrr , i think so .
So it's better to be negotiating with service companies on a project that could be mothballed if the Saudis keep flooding the market with cheap crude, than to be negotiating with a asset that was 40% more valuable in June? Can someone please explain the logic here? Back in June no chance it was going to be close to the per barrel break even cost and now it is and that's good news??? Look away when the bad news comes....help!!
Putin is v popular and the Russian people appear to have an almost limitless ability to endure and suffer.
The US cannot be using oil as a stick - it is too simplistic, even for their dimwit policy makers.
Stability is anathema to these agenda-drivers (like the morons on bulletin boards). The play BOTH SIDES of the game, so really never lose and make greater gains by stretching the limits of the game first one way and then the other.
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