This is U.S. oil. Safe from the crazy mid-east. The technology for extraction is on;y getting better.And the mid-east is only getting worse. Just today the U.S. issued a warning for western oil workers in Saudi Arabia. they are under attack from isis and iranian operatives. Yemen is in ruins as well as Libya. Oil will be substantially higher 2 years out.Obama will be out Keystone and GDP growth will be in.The big players know this.And they have the resources to wait.This is not a fire sale this is a once in a generation opportunity for the big players Statoil exxon chevron.And they know it.This is not about the price of WTI on Monday.
How long do you think the house of Saud will pump.
and really like them.They pay for them with real money.How is this a pyramid scheme?
finance there war in Yemen and purchase their nuclear capacity from Pakistan.
in the Hadhramut province. This is fairly big news that the Saudi border has been breached. Not widely reported in the west.
how will that work?
in Saudi Arabia is a real possibility this year.The budget deficit looms large.The population is young. unemployed and angry.Arab spring Baby.Isis is worming its way in. The new king is senile and his young son just surprisingly invaded Yemen.Iran is clever and obama and kerry well..So what does this mean for WLL.One attack on the Saudis pipeline sends oil to $70 and then the Baaken will be back in Business. I don't recommend investing based on the possibility of a terrorist attack. Just some thing to think about.
in Sanaa to lead the counteroffensive against Saudi Arabia. Looks like the Houtis will go into the land of the keeper of the 2 temples on the ground.Gonna be messy.
The houtis or isis will attack those pipelines..This $40 oil was a pipe dream...Pun intended.
till 2916 and won't be as much as talked about maybe 200,000 barrels more per day.
lost its focus and are having numerous execution problems. They got fat and lazy on their own beans.
it's all noise till the news breaks.
balance sheet and a tremendous opportunity in front of it. After the stock price top very attractive here.