Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Done what again Chilts?
Can anyone really make any sense with whats going on?...madness !!!!
UPDATE 3-Worker at California's largest oil refinery tests positive for coronavirus -sources
I think trump wins that!!!
Opps ..Brent price:)
Also Russia an KSA don’t need to go so low with the breast price to destroy shale.....a 40 handle will do that just fine!
My base case is :
Oil in the 30’s maybe tipping into the 20’s in Q2
Price’s returning to the 40’s 2H
Brent averaging 43$ for 2020
Opec +1 to return to dec 2019 quotes
Also, in a interview on Bloomberg yesterday their energy expert raised the point of storage capacity.....with the flood of extra oil that will come to the markets in the coming months, this eventually Will stop buyers from purchasing more oil, due to max capacity.....this then will be the signal for opec+ to come to the table and back to the original Proposal....he expected this to be in 2-3 months time.
Re trump ‘what goes around comes around’...comes to mind
No just feeling Enquest fatigue!
I’m expecting 50-55 Brent 28-35 sp 2nd half
GLA
My pleasure...a small return on the valuable intel
You have provided us on this sector over the years.
I also recall that he stated that they where a $5 stock that has gone to a $70 stock and if they return to the lows again that there investors should understand and have confidence, that they will bounce back to highs again (not paraphrasing).....real ‘pie in the sky’ talk.
They Will release a note to there investors this week.....would make for an interesting read I bet
Don’t forgot that high five a year ago.
I’ve been of the same opinion....this seems very manufactured too me.
Hitman - Surly with that amount of oil coming off the market, even with the current weak demand and Russia flooding the market I don’t see a huge glut building.....not compared to 2016?
Just watched an interview with pioneer‘s CEO Scott Sheffield On Bloomberg, here’s some of the key Takeaways:
Most Shale companies will go bust by nx year if oil stay at these levels .
Going into maintenance mode
2.5m b/d of the market by 2021
Cutting capex as big as possible
30-50% drop in rigs this year
Super cycle in 2-3years will occur ...70-100$
But shale won’t be able to recover from this as it will be to expensive to ramp up When it does happen
He was confident that pioneer could Make it through this period....I must say he sounded utterly Despondent.
That’s all I could get....maybe try and find the interview on Bloomberg vids .....GLA
That’s right hitman....in 2016 when opec tried crashing the oil price it didn’t really work, as shale had huge capital to deploy, hence the making of opec+.....but shale don’t have the money tree this time around!!!!
I see on the coming days, weeks, months in US shale Mergers, acquisitions and a lot of bankruptcies
How the table has turned
It’s a start!!!....thanks for the link epip
Was thinking the same Chilts
This all feels very manufactured too me