Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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https://www.rigzone.com/news/wire/biden_plan_targets_fossil_fuel_subsidies_worth_35b-08-apr-2021-165110-article/
Could this be hitting SP?
Seems to have gone into free fall
Nomad1 I’m getting my Costa coffee delivery shortly lol as I too can’t function without Caffeine
I watched Emily Chang on Bloomberg last night reviewing 10 years of their tech coverage and a very youthful looking Elon Musk being interviewed by her in 2012 since when TSLA has rewarded its shareholders with a 14,904% return! If only
Barrie Lol yes Trillion I hadn’t had my second cup of coffee.
The last time Trump paid out $600 cheques many poor starving Americans bought Bitcoin with the money, and they did very nicely thank you very much.
My thought too Nomad1 that Saudi held cuts in place comfortable in the knowledge things would be different under Biden as opposed to Trump and that shale production won’t rush in to fill the supply gap
By the way I’m sure you intended to write a trillion after the dollar sign but to be honest I struggle with that large a figure albeit I think Apple is actually worth around that amount ?
Hope this stimulates RDSB as Americans fill up their fuel oil tanks and cars with the money from their stimulus checks
The C19 relief bill has been passes by the Senate and now goes back to the House on Tuesday then Biden’s desk on Thursday. They say this $1.9 Billion will start to be sent out before the end of the month. This should get the economy going.
The Canadians will be pumping out 500,000 bpd less shale oil due to maintenance. In Canada they seem to be more concerned about their carbon footprint than their neighbours to the south. The American shale producers may not start pumping out huge quantities of oil just because of the higher oil price, this is due to Biden and their investors are demanding dividend payments which are rare.
So all of these things combined should lead to a higher oil price.
Tuppence