20k shares of stock options to each sales man, that is only a total 1,400,000 mill shares total. Give these sales reps the biggest incentives ever! Get the share price to $10/sh, then each will make an easy $200,000 bonus. Get to $100, then they will make $2 million each. That is how I would drive these 70 sales reps.
enough cash to live til mid of 2017. Get these salesreps to work their butts off!!!
Can last until the middle of 2017. Get these 70 salesmen to work their butts off.
Afrezza will be a household name, just like Viagra. Needles are barbaric and the onset of insulin injections are just too slow.
I am buying with both fists. Oil yield to every reservoir is about 25-30% Wars and bloodshed have been waged over oil and we have been burning heavily for the last 100 years. It is running dry. Saudi is IPOing their Aramco which means they are cashing out what is left, sucking investors into what is left which I don't think is much. The chinese are storing oil on ships which means it should cost more than $50/barrel.
What the article states is that we reached plateau in finding big oil fields, the spending in big fields have gone down significantly simply because there is no more big oil fields to be found. In 2010 there was a surge in expenditures for smaller oil fields. Why? Because investors gave up on the idea of finding big oil fields, so what is left are the small cracks in the planet. Which means that expenditures will go up and supply will soon dry up and not able to support the ever increasing demand of expanding population.
Saudi Aramco is planning on going IPO. Why after all these years offering is the Saudi converting their "rich" oil fields into a publicly trading company? NO one really has any idea how much oil in left in their fields. It is most likely running dry and they are trying to capitalize on these fields before they dry up.
Oil has only one way to move, that is up.
Finally someone has been tracking the spending on oil industry. They noted something very crucial; the spending in big oil fields have gone down significantly where in 2010 began the surge of spending on small oil fields. What this implies is that finding big oil fields is the thing of the past; we reached plateau and the only fields we have left are the small ones in the cracks and depth of the oceans. Thus, more cost will have to go into finding these little oil fields and the reward isn't as promising.
Let's face it, despite this recent oil glut, we will soon see a massive under supply of oil to meet the ever increasing demand of population increase. Oil has ONLY one way to move, that's is up.
Brexit will not happen. There are so many uncertainties and the majority (18-65 yo) has not casted their votes yet. The Brexit referendum was put forth by those 65 and older but those are the politicians, or electorals.
NOw is a good time for OPEC to cut production, given that half of rigs and shales are bankrupt and will never come back. Had they cut productions before, those companies would still be alive and searching for oil to compensate for the cut. When Saudi and OPEC cut production now, the world will feel the hunger for oil.
the reason why they didn't cut production before is because many companies were still in operation; they could still search for oil patches. Now that half is bankrupt; they are out of commission and the world will feel the hunger for oil when they cut.
I can almost taste it; they will cut production to the point where the supply will grossly be under demand for several weeks. This will completely deplete the inventories, then they will get their $100/barrel again. OPEC isn't stupid to continue selling oil for $50/barrel when they can get $100.
why do you think every country is hoarding and increasing inventories? The chinese ran out of space and they are storing in tankers, floating in the oceans. It's every country way to buffer the sudden price surge; the bigger the inventories the better and longer the buffer. Why do you think Iran is free to sell oil now? To help the buffer in case OPEC decides to cut production in a drastic way.
you know it is comming! OpEC first lowered the oil price, sacrificing selling cheap oil for almost 2 years to BK half of american companies. Then comes the pain when they shut off production completely to bring back the $200/barrel price.
our friend, the Canadians, have been supplying us cheap oil so we can manipulate the market. But our friend found a hurdle, said it was "wild fire" that burned their oil fields. Rebounce will be fierce!
OPEC doesn't want to sell oil this cheap. The only country that wants it this cheap is the US who has been manipulating the market, but at the same time we are bankrupting our own oil companies. So what is gonna happen when OPEC cuts production and half of the companies are bankrupt? I think we may have $200/barrel soon. Opec is gonna make us pay.
Since the glut the US increase inventory from 380 mill to 540 mill barrel, that is a surplus of 160 mil barrel, divide that by 20 mill barrels/day consumption. What you have is 8 days of consumptions; that's right folks our surplus in inventory is good for ONE week! China consumption rate is 11 milion/day. All the surplus that we are talking about is good for a couple of weeks at most.
If OPEC or Saudi wants to sell oil again at $110-200/barrel, all they have to do is shut everything down for a week, then the world will go into a panic and start buying oil for $500/barrel.