RE: Oil Price Recovery22 Jun 2020 22:27
Canāt see the Saudiās allowing it to rise that much to be honest, they are in a oil war with US shale after all!
Do any here think the regulatory approvals will be passed quickly re required stimulation method/frack or could be a potential sticking point?
With it being a new method in the country without doubt it will be a complicated at best, also as mentioned yesterday by another (informed)poster, the governments plans to sort the water supply issues may only add to the complications in my mind.....or maybe iām missing something?
Been keeping my eye on this for a while but at the moment i believe it is a bit risky as very little has been talked about these issues (and future finance),very easy to ignore and say it will be fine but sadly in the real world governments operate with a different mindset. Also easy to criticise people for mentioning the money side but as anyone who runs any type of business knows, the money side is the most important aspect so not to discuss it is foolish.... imho