What makes you say they aren't committed?
RoryF1 said:
It's something that I've heard in the office. I don't know if it's true but Noble doesn't seem too committed to the Basin. It also seems ready for a takeover.
TxAg20 said:
A $26B taking over a $17B company? That sounds like an awful big bite. I don't have any inside information as to any of this, but I would think APC would be better off buying up smaller guys like CWEI (already acquired by Noble), RSPP, FANG, PE, and the like.
Damn IT nazis...NEC1_N6.040 said:
Don't worry, not boss. Think of me as big brother trying to help you out.
Muh ha, muh ha ha, muuuh ahh ha ha ha
NEC1_N6.040 said:
Enough rumor spreading Rory. Get back to work. You're being watched...
74OA said:
I don't see how prices can rise too much, since US frackers ramp up production every time they do: SUPPLY
Its never smart to start a war with a dwindling 'war chest'.Skillet Shot said:
At what point does one of these oil-dependent governments collapse or start a conflict to increase oil prices? Russia, Venezuela, Saudi, Iraq, etc. With the decreasing income and gov't spending, At some point, the bubble has to pop... the question is when?
again..nothing about the demand side . until someone addresses the YUGE fly in the ointment none of the crystal ball articles are worth reading. NOTHING except perhaps some real tax reform and a return to healthcare insurance sanity will move the demand needle much. Coupled with the reality of the fake scam called " Chinese market growth" and Europe as anything other than a failed " union" rapidly turning into a giant museum and there just isn't anything on the longest outlook horizon that offers much hope for significant price improvement.nu awlins ag said:
Very interesting quote today. Frank Schallenberger, head of commodity research at LBBW said, "There is selective perception in the market at the moment. Bearish factors like output in Libya or Nigeria result in lower prices, but bullish factors like the really high OPEC commitment are ignored." He fully expects prices to bottom out at $40-$45, before returning to $50 until the end of the year, buoyed by higher demand and continued production cuts by OPEC.
The Original AG 76 said:again..nothing about the demand side . until someone addresses the YUGE fly in the ointment none of the crystal ball articles are worth reading. NOTHING except perhaps some real tax reform and a return to healthcare insurance sanity will move the demand needle much. Coupled with the reality of the fake scam called " Chinese market growth" and Europe as anything other than a failed " union" rapidly turning into a giant museum and there just isn't anything on the longest outlook horizon that offers much hope for significant price improvement.nu awlins ag said:
Very interesting quote today. Frank Schallenberger, head of commodity research at LBBW said, "There is selective perception in the market at the moment. Bearish factors like output in Libya or Nigeria result in lower prices, but bullish factors like the really high OPEC commitment are ignored." He fully expects prices to bottom out at $40-$45, before returning to $50 until the end of the year, buoyed by higher demand and continued production cuts by OPEC.
MavsAg said:
Starting to hear rumblings of crews being shut down. Rumor is Continental is shutting down 3 in the Bakken and Halliburton will be idling 2 crews in the DJ.
Anyone heard anything similar?
SoupNazi2001 said:
I hate to be the bearer of bad news but we are in the second largest expansion since World War II and oil can't stay above $50. Demand won't get much better than now and will really tank during the next recession. This is primarily an issue of too much supply and less and less oil being used around the world due to major technological changes.
Latigo said:SoupNazi2001 said:
I hate to be the bearer of bad news but we are in the second largest expansion since World War II and oil can't stay above $50. Demand won't get much better than now and will really tank during the next recession. This is primarily an issue of too much supply and less and less oil being used around the world due to major technological changes.
Demand for oil is growing but less is being used? How does that work?