TGA needs to be profitable at 45 buck Brent... | TGA Message Board Posts

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Msg  4259 of 4516  at  2/10/2019 1:42:15 PM  by

Flying_trader


TGA needs to be profitable at 45 buck Brent...


They need to do what is necessary to be profitable and cashflow positive at 45 bucks as that is very likely where Brent is headed...and for a long time to come...

This article says nothing we didn't already know but does put it in good context..

"Out to 2023, prices might only need to be $45 to $60 because when you go above that or below that, you have too much shale or too little shale. It means whenever Saudis want to push prices out of that range, there's going to be an opposite reaction to that that gives them trouble,"


https://www.cnbc.com/2019/02/05/wild-price-swings-may-now-be-the-new-dynamic-for-the-oil-markets.html




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Msg # Subject Author Recs Date Posted
4261 Re: TGA needs to be profitable at 45 buck Brent... wriskit 2 2/11/2019 2:55:41 PM


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