RE: DAMN......Red day today then16 Feb 2022 07:17
Geopolitics is just a distraction.
The facts are that inventories are falling extremely fast. Demand is only going to rocket with travel opening up this year and covid restrictions being lifted. Supply is growing, but not fast enough.
As I said previously, we will only see upward pressure on the oil price coupled with all time high oil prices over the next few years. I quoted $200-$300....it could go higher.
Union Jack Oil's market cap is very low, with no debts and I anticipate tremendous cash flow over the next few years from Wressle alone. Tankers are rolling out of Wressle daily. Soon we will be selling the gas too. I look forward to seeing the upgrade photos from Wressle when the Union Jack Oil twitter page feels the time is right.
My guess is David has a few surprises planned to come here being in such a fantastic position financially.
Very exciting year ahead.