e oil majors failed to replace all of the oil and gas reserves that they burned through in 2015, a worrying sign for the industry’s future.
The Wall Street Journal reported that the seven largest oil and gas companies only replaced about 75 percent of the reserves on average that they produced last year, the worst replacement rate in over a decade.
Perhaps the most eye-raising fact was that ExxonMobil, the world’s largest publically-traded oil company, was unable to replace 100 percent of the oil and gas it pulled from the ground. The oil supermajor replaced just 67 percent of the oil produced in 2015.
Is a perfect storm brewing for a future oil spike?
Most foolish post of the day.
No facts, just BS
unless you want to prove your post.
I doubt it...
You will probably just delete it.
Someone with a large position, waited for a day when silver spiked to sell.
Why someone would sell now, with strength being shown?
I expected a good price increase today, but I am not worried about the company because it did not.
What are your thoughts?
and entering the spot market...3-15-16
DHT Holdings, Inc. announced that, on March 15, 2016, it took delivery of a VLCC. The vessel is named DHT Lion and is entering the spot market. It is the third of a series of six VLCC to be delivered to the company from November 2015 to October 2016. They are all fully funded and are expected to contribute greatly to the company's earnings power. The next VLCC is scheduled to deliver in July 2016.
I never had a problem with any of his posts.
I make my own decisions.
Are you saying you bought EXK because you read a post on a message board?
I never thought BLX would be my "Achilles heel"
I thought it would be my base, and others picks my dice roll.
I am sticking with DHT for now.
I still expect a great report next Q.
They have new ships coming every few months...so good news.
Dividend is amazing for divvy hunters.
Seems day rates for VLCC tankers is very volatile...not something I understand.
A poster said rates have doubled the last few days.
Would like to see some stories about land storage being virtually full and VLCC being used for storage.
I believe they pay Yahoo to post.
If you notice they are very similar is style.
Yahoo seems to be in no hurry to delete them.
One SPAM report doesn't do it.
It makes me wonder.