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Looks good, Bank of America 120$ forecast in the middle of next year would be spot on for us…
https://oilprice.com/Energy/Oil-Prices/The-Oil-Price-Rally-Is-Far-From-Over.html
Yeah matd is good like that, I remember when it moved after placing in 2017 from 6 to 14 (placing was 6.5 I think) and that was all like 3 months before the actual drills… now we have a lot of oil and price of it is higher too!!
Well I have 800k shares at 4p and this has certainly been the worst speculation I had in the last 18 months, any1 knows why the general sentiment for gold stock is so low atm? (Same sp movements with OMI/ECR/WSBN/PAT…) I still think 5mil mcap is a bit overdone here but the market seems to disagree… hopefully we can get at least to 3p in the next 5 years :D fingers crossed for better results at Menzies
Good timing for us if it happens:
https://oilprice.com/Latest-Energy-News/World-News/Bank-Of-America-Sees-120-Oil-By-June-2022.html
Manro, I don’t think anyone here thinks that MB is exceptional CEO, I reckon average at best (pretty standard for an AIM company), I was just curious why are you still in if you think what you say about the company and why you stayed all those years, but I guess even you don’t know, so let’s just leave it, this debate is a waste of time :D
Hah Manro good luck with PFC, but I don’t understand why you haven’t sold all your shares here when it was almost 9p this year, but whining people like you are on every BB unless the company is on ATH so I guess there is a pattern
Hmm good question actually , I’m not sure either what are the costs per barrel, I would hope it’s less than 50$ though - quick search:
Conventional Oil
Conventional oil production generally refers to the pipe and pump production off a vertical well. This means a hole has been drilled straight down into a deposit and a pump jack is put on it to help pull the deposit to the surface where it can be sent on for further refining.
The cost-per-barrel of conventional deposits varies, with Saudi Arabia able to produce oil the most cheaply, sometimes under $10 a barrel.2? In the Middle East, non-producing onshore fields can produce oil for less than $20 per barrel with an average of $31.1?