RE: Canada17 Mar 2022 06:07
Good summary.
I'm also under the impression these countries don't have any spare, all these locked in barrels are just to calm the markets, can you imagine if SA came out and stated we are pumping all we have?
I work in the industry and have seen the effects of under investment from 2014 onwards, even at todays prices companies seem reluctant to spend, couple this with an acute labour shortage and prices are only heading one way.
I like this company though and have taken a large position at 5p, can easily see this to 50p and beyond with the fundamentals in place.
GLA