Agree. There is a decent story for 75 wti. However, Capex will fill gaps sooner than later.
DRE06 said:
This opinion has probably already been stated someone in this long thread, but to me, stabilizing prices in the $60-80 range is a win-win for everyone. Producers, midstream, economy, etc. Not sure about refiners.
I work for a major midstream company and I know our internal target a 2 years ago was $55. A lot has changed in the past 2 years, but that was the number we needed to start making good $ again.
Yeah same position basically with a different service company. Better pay and I'm liking the corporate culture here better than Big Red. Good luck to you, hoping it works out for the best on your end Southside.Southside AG said:
Congrats, that's a long time off. Did you end up doing what you did? Same seniority? I think my number is about to be called at my current employer. We are still reducing due to a buyout by a foreign entity and not being able to operate in the Gulf of Mexico. I'm struggling with the thought of moving companies but I know deep down they wouldn't hesitate if it improved the appearance of headcount. I've been looking and even though it is better than a few years ago it is still slim pickings. We'll see what happens from here.
Looking for work over a year is a great example for the rest of us. Way to go.
I believe Big Red is HalliburtonThe Original AG 76 said:
"Big Red"...
just curious. Back in the 60 and 70's that was our name for Cameron Iron Works. One of the premier manufacturers in the biddness. People fought to work for those guys . Mostly gone or merged , renamed , and mongrelized into oblivion.
Who are y'all called Big Red today ?
Yeah I'm referring to Halliburton when I say Big Red. I'm with Newpark now though.The Original AG 76 said:
"Big Red"...
just curious. Back in the 60 and 70's that was our name for Cameron Iron Works. One of the premier manufacturers in the biddness. People fought to work for those guys . Mostly gone or merged , renamed , and mongrelized into oblivion.
Who are y'all called Big Red today ?
Lol no it's not. We've been hitting record-setting demand despite an unusually long and snowy winter and higher gas prices. Now the driving season has officially begun and we're going to see even more demand. The global stockpile surplus has been wiped out, Venezuela is in catastrophically bad shape and the Iran sanctions are being reimposed, and pretty much the only two OPEC agreement countries with spare capacity are Saudi Arabia and Russia. Those two countries are just trying to claim the production allocated to Venezuela and Iran before American E&Ps fill the gap.Quote:
Yesterday was a taste of reality IMO- $70 oil is now up to Saudi and Russia
Beckdiesel03 said:
Lots of brand new bass boats and trucks at the lake this weekend. We had never seen it so crowded bc normally its fairly remote. It then dawned on me it was the Midland oil crowd from keeping up with this thread. Mr. Diesel didnt think that was it until everyone we spoke to was from Midland .
Fuzzy Dunlop said:
$64.66
Depends on what OPEC does. One day the reports come out and say that nothing will be done, the next is that OPEC/Russia will increase supply. Just last week and now today, the story changed 3 times, seriously. That alone moved the arrow up/down.SpreadsheetAg said:
So what will WTI be on 30 June?
My guess - stagnation: $66.42
SpreadsheetAg said:Fuzzy Dunlop said:
$64.66
Winner for Q1
On 3/30 it ws 64.87
See page 446
They put a lot of nuts in their mouth?Fuzzy Dunlop said:SpreadsheetAg said:Fuzzy Dunlop said:
$64.66
Winner for Q1
On 3/30 it ws 64.87
See page 446
Nice! You know what they say about blind hogs and acorns.