greedy bastid...lol...I was dropping pennies in yesterday too. bought a bunch of this and abcaf for my kids. they got at least another 10 years before I give it to em so what the heck. figure it is better than a tbill
happy new year
nonsense. XL has little impact on bakken transport and heavy sour crude from Canada doesn't compete with light sweet from bakken. 0 just doesn't want more the oil sands developed and can't stand the thought of something happening that he doesn't approve of. he acts like a spoiled child that has never learned the meaning of the word no
Putin to get Assad out of Syria
Iran forced to give up nuclear program
Russian arctic and Brazil/Africa deepwater
they attacked, and were killed. no infiltration of dozens of fighters. Saudi's building / have built a physical and surveillance wall and they shoot to kill anybody that tries to cross. too bad we don't do the same with our southern border.
good stuff. old wells were only getting 5% of the oil in place. with the new and improved isolation techniques allowing many more points of entry and using much more proppant, the recompleted wells will recover another 10% plus. with all the infrastructure in place this could be the cheapest oil to recover once they get it figured out. and some the earliest wells were in the best geology so that just makes it better
even with fewer wells being drilled, this should keep Rockpile busy going forward
he also owns almost 10 million shares (9.9%) of OAS. He is betting big on the bakken. He really needs to build a pipeline to a port on each coast with a leg dropping down into Colorado
kind of pointless. real number to watch is number of completions and prices from pressure pumpers. A lot of wells will get drilled but not fracked so number of rigs drilling doesn't equate to drop in output as much as number of wells fracked will.
combine it with OAS and you approach volumes worth building your own pipe to a west coast port. that gets you another $10 per barrel. Paulson could form his own MLP
you know what numbers matter...3700 bopd with well costs down $750k....those numbers matter to the investor.
ps..SA just bought themselves an army in Yemen. their cash burn is about to increase.