Not the time to be buying O&G Assets... | TGA Message Board Posts

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Msg  4252 of 4519  at  2/7/2019 11:19:33 AM  by

Flying_trader


Not the time to be buying O&G Assets...


I hope they hold off buying anything now...things in the oil patch could be fixin to get a lot cheaper...

They need to bolster the B/S and exploit low cost production...

We are at the mercy of SA and Russia, if they part ways and Russia decides to regain some market share than the OPEC deal could fall apart quickly and Oil could plunge to the 20's again.. Looks like the Frackers are profitable at anything above about 40 bucks and some claim to be profitable in the mid 20's If so I don't see any slow down in production from the US until Oil falls significantly more...

So where is all the reduction in production that was supposed to have occured because CAPEX had been slashed back in 2014, 15, 16, 17 & 18 ??? Hell, even the offshore guys are expanding now... I don't see SA continuing to cut so others can profit.. they are definitely between a rock and a hard place but at some point they may again throw in the towel and let oil fall...or Russia may do it for them...

We need production to fall into line with demand... there is just oil everywhere now... people need to start driving Hummers and burning the stuff in their back yards...

Geeze..


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