COPL SP8 Sep 2021 12:37
I must admit I am a bit confused, by the ramping/deramping ( if there is such a word). surely the people that are in it for the long haul (which I am, say 5-10 years), don't mind the price dropping, that way we can keep topping up cheaply and make a bigger gain long term. so doesn't follow that the people that want a rapid rise are the sellers that want to get out and make a fast buck.
Regarding the fundamentals, the only metric I am interested in is the output in barrels per day, net of costs and whether its up or down, we all have access to the WTI so we know the price of oil and can easily show we are making profit or loss.
If Output is going up Art's strategy should be to RNS output figures every few days, along with a projected rate., that would keep us happy and hopefully stimulate the market,.
But remember worldwide crude demand is around 100 million barrels per day and projected to fall annually as bio and green issues continue to cut in. COPL output is always going to be chickenfeed and reserves going 40 years out,is meaningless, by then the world will be awash with cheap oil. and the big oil producers will take precedence.