There's a few angles I can see playing out here 2-5 years out in regards to oil price.

The company I work for is the Canadian subsidiary of ExxonMobil. We have not invested in any greenfield projects since the first 2014 crash. Along with Exxon, the top 5 biggest Canadian producers have said no more to mega-projects. Brownfield expansions and de-bottlenecking for now. Even at $60 WTI the Canadian producers are cash flow machines, once balance sheets are repaired this money has to go somewhere, however it isn't going to be North America in this current political environment. The Canadian federal gubment and now Biden administration has made it exceptionally clear they are closed for energy business. Exxon is now betting on the Guyana mega field and Russia, granted sanctions are holding that back. There is absolutely a want to build more projects in Canada, but I believe the flight of investment capital is politically motivated. These businesses aren't going to invest 5bil+ in leftist jursidiction. We can't even get pipelines built for christ sakes. It's really a shame that these golden gooses are purposefully getting cooked, rather than laying the golden eggs.

Case 1: If the pre-COVID economy comes roaring back in the next few months I can see OPEC+ bringing back the rest of their idled production, along with the Iran factor. This would probably level us out somewhere around the $70 mark before the virus hit. However as Destor stated, there has been next to no capital investment for new fields in the past 6 or so years. These projects take almost 10 years to come online, so there would be no supply side levers to pull. US shale oil could come back but those companies got slaughtered, and Biden ain't a helping hand. Companies worldwide wont be able to bring new production online fast enough to keep demand at bay.

Likely what I see happening is green tech becoming an apparent failure in 5-10 years and the energy sector meeting in the middle somewhere. Oil/Gas will bring on emissions technology to make the hippies happy and "green" tech will fill in the gaps. Meet in the middle so to speak.

Case 2: It's completely political now with environmental + first nations groups controlling energy projects, at least in Canada. We cannot get anything built. There is now technology out there that can significantly reduce emissions (Carbon Storage, Sequestering, SA-SAGD) and companies are getting on board with investing in it. However, the rhetoric out there completely ignores this. Even if we could reduce emissions by 90% it will never be enough. Governments and political groups want the fossil fuel industry completely gone. Natural Gas was the clean alternative a short while ago and now that's in their sights as well. Energy companies have been exceptionally terrible with bringing the truth to light and fighting for themselves and Governments along with environmental groups have been exceptionally good at spreading misinformation and pandering to the public. If oil reaches $100bbl+ gubments will further use this to push the climate agenda. Use high energy prices to pander to the public on how green tech will save them.

Example: Venezuela is a good example on how no capital investment correlates to rising prices. Granted this happened because of their political issues. Decades ago they were the Oil & Gas darling. Exxon, Chevron, ConocoPhillips built their energy infrastructure only to have it all expropriated. They swiftly ran these complex's into the ground and squeezed every penny out of them without investing for the future. They now have only 25% of their original output and have to import everything. Last I heard they're trying to convert their last running cokers into "Flexicokers" to make fuel. This will be a stunning failure, they have to run at such high temperatures those things will be coked solid as Venezuela no longer has the expertise to operate these plants. With-out capital investment into replacement fields + plants you only have so long until it all comes crashing down.

You think supply will decline that much? What if Iran oil is good again?

I just look at these slides and see that oil is super complicated to predict.

From investing point of you, to me this feels like chasing oil stocks atm. Time to buy oil stocks was last year.

There's a few angles I can see playing out here 2-5 years out in regards to oil price.

The company I work for is the Canadian subsidiary of ExxonMobil. We have not invested in any greenfield projects since the first 2014 crash. Along with Exxon, the top 5 biggest Canadian producers have said no more to mega-projects. Brownfield expansions and de-bottlenecking for now. Even at $60 WTI the Canadian producers are cash flow machines, once balance sheets are repaired this money has to go somewhere, however it isn't going to be North America in this current political environment. The Canadian federal gubment and now Biden administration has made it exceptionally clear they are closed for energy business. Exxon is now betting on the Guyana mega field and Russia, granted sanctions are holding that back. There is absolutely a want to build more projects in Canada, but I believe the flight of investment capital is politically motivated. These businesses aren't going to invest 5bil+ in leftist jursidiction. We can't even get pipelines built for christ sakes. It's really a shame that these golden gooses are purposefully getting cooked, rather than laying the golden eggs.

Case 1: If the pre-COVID economy comes roaring back in the next few months I can see OPEC+ bringing back the rest of their idled production, along with the Iran factor. This would probably level us out somewhere around the $70 mark before the virus hit. However as Destor stated, there has been next to no capital investment for new fields in the past 6 or so years. These projects take almost 10 years to come online, so there would be no supply side levers to pull. US shale oil could come back but those companies got slaughtered, and Biden ain't a helping hand. Companies worldwide wont be able to bring new production online fast enough to keep demand at bay.

Likely what I see happening is green tech becoming an apparent failure in 5-10 years and the energy sector meeting in the middle somewhere. Oil/Gas will bring on emissions technology to make the hippies happy and "green" tech will fill in the gaps. Meet in the middle so to speak.

Case 2: It's completely political now with environmental + first nations groups controlling energy projects, at least in Canada. We cannot get anything built. There is now technology out there that can significantly reduce emissions (Carbon Storage, Sequestering, SA-SAGD) and companies are getting on board with investing in it. However, the rhetoric out there completely ignores this. Even if we could reduce emissions by 90% it will never be enough. Governments and political groups want the fossil fuel industry completely gone. Natural Gas was the clean alternative a short while ago and now that's in their sights as well. Energy companies have been exceptionally terrible with bringing the truth to light and fighting for themselves and Governments along with environmental groups have been exceptionally good at spreading misinformation and pandering to the public. If oil reaches $100bbl+ gubments will further use this to push the climate agenda. Use high energy prices to pander to the public on how green tech will save them.

Example: Venezuela is a good example on how no capital investment correlates to rising prices. Granted this happened because of their political issues. Decades ago they were the Oil & Gas darling. Exxon, Chevron, ConocoPhillips built their energy infrastructure only to have it all expropriated. They swiftly ran these complex's into the ground and squeezed every penny out of them without investing for the future. They now have only 25% of their original output and have to import everything. Last I heard they're trying to convert their last running cokers into "Flexicokers" to make fuel. This will be a stunning failure, they have to run at such high temperatures those things will be coked solid as Venezuela no longer has the expertise to operate these plants. With-out capital investment into replacement fields + plants you only have so long until it all comes crashing down.

What do you guys think about taking a GME position now with the drop?

no investment in O&G in murica means higher prices and Saudi America will get to build more sky scrapers at our expense, all thanks to the energy deniers aka "green energy"

put my buy order in for ORPH @ 25

Bought 533 of CYTR @ 3.75

WTF at orph? How is that even possible?

Post proof of trade or negs for life (srs)

You are sus af

glto i snext boyo set a limi bu

Good call.

Post proof of trade or negs for life (srs)

You are sus af

Who's buiying the GME dip?


Only people I can think of who have truly posted their personal portfolio gainz are Chino3, myself and another bro that doesn't post here anymore.

Who's buiying the GME dip?


Only people I can think of who have truly posted their personal portfolio gainz are Chino3, myself and another bro that doesn't post here anymore.

Who's buiying the GME dip?


Only people I can think of who have truly posted their personal portfolio gainz are Chino3, myself and another bro that doesn't post here anymore.

dont know how to post pics. someone show me how and ill gladly post

If you post predictions that often come true then I don't need to see a screenshot of your portfolio.





Upload a pic to your device, upload it to Tiny Pic to host the image and then post it here using image tags.

tiny pic is down.

Im ****ing hyped bro. i dont know how im gunna be a able to sell it cus it keeps halting anyone with advice on that?

Who's buiying the GME dip?


Only people I can think of who have truly posted their personal portfolio gainz are Chino3, myself and another bro that doesn't post here anymore.

Bam

Spoiler!

just market order this way when it trades again you're out

you're already up so just make sure you get something if it plummets

Big time Cenovus gains!! Been awhile since I've seen a 80%+ gain in my portfolio haha.

BIRD an insider play? Think we have them on site doing something right now haha

You can roll up to one of the 2 rigs we have going in your Lambo.

which one tho
sell limit order
stop order or limit stop order?