RE: Oil Price Survey15 Jan 2023 13:50
Thanks. Ties in with Chiina reopening, world coming back online, motoring and holiday seasons, full steam ahead and demand for oil increasing. Oil even higher perhaps but a fine line,, hopefully not too greddy to push up inflation again
The world is coping with the 80/90 - Opec likes it, plenty of profits for O&G services so buoyant for FSJ WG. & PFC among others.
Should be another year of recovery and stronger pipelines.
Seems the recovery has been missed by the recesssion doomsters with it delayed for 6 months while Powell and his allies flap about with words that the bond market is just not buying.
All the pessimists turning bullish is a sell signal though so play the game.
HBR
Net debt of $1.1 billion as at period end; continue to expect to be net debt free in 2023