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GANGSTERS
https://www.bloomberg.com/news/videos/2021-04-01/oil-to-hit-80-in-q3-goldman-s-currie-predicts-video
The recent Pull back in oil, actually is a very bullish sign for midterm oil prices, as you’ll have the Chinese stock piling at these levels and with Brent hovering around low 60s then you’ll probably have a reluctant OPEC not to bring production on as fast as what the market will need in the coming months.
Period of consolidation, Before the nx move up IMO
I’ll take 4p a month climb !!!
I’m with you squif!!!;)
Enquest the PR specialist!
Jan.....Always appreciate your post...I got the gist of what your what pointing out!;)
Q2 the March upwards start IMO
Thanks pelle...won’t lie, tough to digest today....we are seriously pinned to the rise of now.
I expect prices to continue their upward march toward $60 or $65 as it becomes increasingly obvious that oil supply is in fact a bigger problem that oil demand.
Aligned hitman.....the fun will really start H2’21 through to 2022
Interesting read.....
https://seekingalpha.com/article/4382875
Well worth reading the comments at the the end of the article
Yes SA.....survival during this unprecedented period will be greatly rewarded...’ the worm can turn quickly’.....Enquest are well Positioned for the Brent recovery nx year!
Interesting as always romaron....not sure AB will sell easily, as we know it’s he’s baby....not too mention he has a 55p average.....so he won’t sell on the cheap like PMO where forced too......better to do deals when your in a Position of strength, I feel at the mo better for Enquest To ‘stagger’ on, continue lowering our debt and improve our market cap, either way I’m a believer in AB and he’s ability to navigate this company forward successfully.
Interesting read:-
Shale Oil M&A Accelerates With Pioneer’s Move to Buy Parsley
https://www.bloomberg.com/news/articles/2020-10-20/pioneer-to-buy-parsley-for-4-5-billion-in-latest-shale-merger
Goldman forecast Brent prices to rally to $65 per barrel by the third quarter of 2021 and average $59.40 for the year. ... It forecast oil supply to be tighter in 2021 as OPEC+ will likely stick to its production quota in the second half of 2020 and a rebound in shale activity stays limited.
Squif I agree with your observation about certain posters on this boards