Economy 52,844 Posted April 22, 2017 Author Share Posted April 22, 2017 3 minutes ago, Woolfsmck said: Yepper, US shale is helping regulate and balance the oil markets. Bad news for those stocks in the red i have with Cenovus. I bought a sh*t load at the recent collapse to $14/share ($4000 worth) but will only rebound with oil recovery Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted April 22, 2017 Share Posted April 22, 2017 Just now, Economy said: Bad news for those stocks in the red i have with Cenovus. I bought a sh*t load at the recent collapse to $14/share ($4000 worth) but will only rebound with oil recovery Oil is political now and strategic...Normal supply and demand influence is greatly exajerated by non-economic events. The North Korea issue shouldn't matter to the oil market, but it will have an impact if the conflict escalates like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,844 Posted April 22, 2017 Author Share Posted April 22, 2017 Just now, Woolfsmck said: Oil is political now and strategic...Normal supply and demand influence is greatly exajerated by non-economic events. The North Korea issue shouldn't matter to the oil market, but it will have an impact if the conflict escalates Yeah... However US Shale does have one dynamic agaisnt it... Cost of production changes wildly depending on growth or contraction There is already cost inflation setting in in the permian as land prices skyrocket, labor costs rise due to shortage, and service companies that supply equipment are starting to raise prices again This year price inflation for shale is expected to be moderate. Next year if industry remains in growth mode they expect cost inflation to eccelerate especially in the permian That could put an eventual slow down in shale growth. Though it would still grow at least 200,000 to 400,000 barrels a day in a period of a year if prices remained above $50 i think Link to post Share on other sites More sharing options...
phantasmas 12,366 Posted May 23, 2017 Share Posted May 23, 2017 i came into this thread for the first time rn and im just like... yall do this for fun? Link to post Share on other sites More sharing options...
Economy 52,844 Posted June 18, 2017 Author Share Posted June 18, 2017 On 2017-05-23 at 1:04 AM, phantasmas said: i came into this thread for the first time rn and im just like... yall do this for fun? Economics is a passion of mine ☺️ Link to post Share on other sites More sharing options...
Janbee 0 Posted August 9, 2017 Share Posted August 9, 2017 I was starting to think I would never hear bad news out of North Dakota ---------------------------------------------------------------------------------------------------------------------------------------------------- noi that o to | do choi o to | do choi xe hoi Link to post Share on other sites More sharing options...
Economy 52,844 Posted August 10, 2017 Author Share Posted August 10, 2017 18 hours ago, Janbee said: I was starting to think I would never hear bad news out of North Dakota ---------------------------------------------------------------------------------------------------------------------------------------------------- noi that o to | do choi o to | do choi xe hoi Oh what happened there? I been so busy lately that some headlines have escaped me 👀 Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted August 10, 2017 Share Posted August 10, 2017 10 hours ago, Economy said: Oh what happened there? I been so busy lately that some headlines have escaped me 👀 Don't nuthn' happen in North Dakota man....8-/ like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,844 Posted August 11, 2017 Author Share Posted August 11, 2017 11 hours ago, Woolfsmck said: Don't nuthn' happen in North Dakota man....8-/ Isnt that where ur from? Or was it Montana? Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted August 11, 2017 Share Posted August 11, 2017 15 hours ago, Economy said: Isnt that where ur from? Or was it Montana? I live (when I get there) in Montana , right near the ND border...yep like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,844 Posted August 11, 2017 Author Share Posted August 11, 2017 1 hour ago, Woolfsmck said: I live (when I get there) in Montana , right near the ND border...yep Haha ok, my momory is not as bad as i thought xD Link to post Share on other sites More sharing options...
Economy 52,844 Posted September 24, 2017 Author Share Posted September 24, 2017 Venezuela could loose all its oil production https://www.google.ca/amp/s/www.forbes.com/sites/michaellynch/2017/08/02/venezuelan-unrest-and-the-oil-market/amp/ Link to post Share on other sites More sharing options...
Economy 52,844 Posted December 28, 2017 Author Share Posted December 28, 2017 Canadian Oil Down to $30/Barrel while US WTI is at almost $60/barrel and Brent at $65 Barrel as a result of competing for inssufficient pipeline and train shipping space @Woolfsmck once again pipeline politics getting on my nervers At almost 5M barrels a day of production a $30/barrel discount is $54.75 Billion lost end of year https://www.bnn.ca/wti-hovers-near-2015-high-as-canadian-oil-discount-persists-1.952997 Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted December 28, 2017 Share Posted December 28, 2017 I don't know if the discount is really a loss to Canada. Lost potential revenue is a better term. Loss would be calculated by production and distribution expenses deducted from sales. I agree that snags in delivery are an unnecessary problem tho. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,844 Posted December 28, 2017 Author Share Posted December 28, 2017 5 hours ago, Woolfsmck said: I don't know if the discount is really a loss to Canada. Lost potential revenue is a better term. Loss would be calculated by production and distribution expenses deducted from sales. I agree that snags in delivery are an unnecessary problem tho. Well, $30/barrel is enough to cover operating costs for most companies but not enough to cover full cycle costs... Fortunately these companies have up to 50 years to average out a better price per each project 👀 I feel like until the US reaches its full production capacity investment in Canadas Oil Sands will be diminished tho Nobody wants to pay $3 Billion to $10 Billion setting up a project that takes 5-7 years to start up... when in the meantime in US Shale for $12 Million (about 2% of cost) you can frack a well and start flowing oil within just a few months Once the last projects come online in 2020 Canadas production will probably stay flat on existing fields for at least a decade (excluding a bit of shale we also have) 👀 Link to post Share on other sites More sharing options...
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