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Thread: Crude Oil

  1. #316
    Legend JBmurc's Avatar
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    https://www.thebalance.com/oil-price-forecast-3306219

    The idea of oil at $200/b seems catastrophic to the American way of life. But people in the European Union were paying the equivalent of about $250/b for years due to high taxes. That didn't stop the EU from being the world's third-largest oil consumer. As long as people have time to adjust, they will find ways to live with higher oil prices.

    Furthermore, 2020 is only three years away. Look how volatile prices have been in the last 10 years. In March 2006, a barrel of Brent Crude sold for around $60/b. It skyrocketed to $145/b in 2008. It leveled out to around $100/b in 2014. It plummeted to a 13-year low in January, then doubled to current levels. If shale oil producers go out of business, and Iran doesn't produce what it says it could, prices could return to their historical levels of $70 - $100 a barrel. OPEC is counting on it.
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  2. #317
    Legend shasta's Avatar
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    I've recently acquired some CVN, the oil sector is unloved, but gas in Aussie is an increasing issue re demand. CVN has both and an exceptional strike rate in the NW shelf WA where all there projects are concentrated.

    Well worth a read of the last presentation and quarterly.

    Market cap around 90m with 52m cash and no debt.
    Disc holding - AUC, AZY, CHN, CZI, GOR, MDR, NMT,

  3. #318
    Legend JBmurc's Avatar
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    Quote Originally Posted by shasta View Post
    I've recently acquired some CVN, the oil sector is unloved, but gas in Aussie is an increasing issue re demand. CVN has both and an exceptional strike rate in the NW shelf WA where all there projects are concentrated.

    Well worth a read of the last presentation and quarterly.

    Market cap around 90m with 52m cash and no debt.
    Yes CVN always been on the radar when I've been bullish on the sector and have held before >> still not confident in the short term outside Aus East coast Gas >> only holding RLE in the O&G sector >> but can see myself trading more next year ...

    Need to see the huge under investment in the Oil sector play out over the next few years of continued high oil use to see the supply demand ratio kick the oil price much higher ....

    worth a read
    https://srsroccoreport.com/u-s-smash...-in-the-world/
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  4. #319
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    Im actually in the process of divesting my oil stocks... recent data suggests both bull and bearish sentiment in oil...
    uk along with france and a bunch of other countries are in the process of banning new cars from 2040 and moving towards electric... this is a great step for mankind and something I never thought would happen...
    aussie oil stocks have been boring for a decade now time to make some real money

  5. #320
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    Quote Originally Posted by Shrewd Crude View Post
    Im actually in the process of divesting my oil stocks... recent data suggests both bull and bearish sentiment in oil...
    uk along with france and a bunch of other countries are in the process of banning new cars from 2040 and moving towards electric... this is a great step for mankind and something I never thought would happen...
    aussie oil stocks have been boring for a decade now time to make some real money
    And you don't think and the huge mining energy needs for (electric cars = power stations etc) and ongoing demand for the tens of thousands of applications that use crude oil Vs the huge under investment in exploration to back up the world's """34 billion barrels a year demand""!

    there was only 2.4billion barrels of oil discovered in 2016 .... I don't think E.V are here to take over combustion engines but are going be forced to take the load as the forecasts for China + India is a HUge increase in auto's
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

  6. #321
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    Quote Originally Posted by shasta View Post
    I've recently acquired some CVN, the oil sector is unloved, but gas in Aussie is an increasing issue re demand. CVN has both and an exceptional strike rate in the NW shelf WA where all there projects are concentrated.

    Well worth a read of the last presentation and quarterly.



    Market cap around 90m with 52m cash and no debt.
    This teaser should help the s/p shasta.

    Download Document 364.65KB

  7. #322
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    It'll take 25 barrels of oil to make each EV. Don't worry just cos fuel use in vehicles is starting to decline, we still have to make all those batteries and 3 billion cars to be replaced? And all the solar panels, just cos we ain't burning it directly while driving, doesn't mean it's not consuming indirectly.

    Our government has waived road user charges until 2021. That only helps the early adopters. Then the cost of running will jump up. I suspect the rate will have to go up as they start missing all the return from fuel excise tax.

    There will obviously be a lot of people hanging onto old Dino tech for various reasons. The problem with the technology is that it doesn't allow for a disorganized human. I can't be bothered to plug in my phone nor wait an hour to charge... How's my car gonna be different? Much rather go buy some gas.

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