RE: 150p? 1000p?16 Jan 2026 05:21
I'd love to see the oil and gas prices required for HBR to return to even 400-500p, let alone 1000p!
I know this is tempting fate and perhaps risks being framed on a wall one day, but it's likely that we won't see sustained (or even touch) $100 oil ever again.
Record production year-on-year, OPEC pivoting away from price support to recapturing market share, Trumpism policies focused on lower prices (this will continue post-Trump), tepid demand, weak global growth and of course the energy transition.
Most oilers will still be profitable and I will remain in those which pay a high dividend yield, however, I have no expectations of major capital gains.
How's that for balance?