Kept reading about the massive underinvestment in new production, due to these low commodity price; and that demand growth (even at a tepid rates of 1 or 2 percent) and well depletion (at around 4 million barrels a year) would soon turn the tide and result in a supply shortage.
OUCH!! Owning this stock is painful
I found this to be very interesting - even the wind power generators are not completely innocent of asking FERC for leniency in regulations...
How Calculating FERC’s 1-Mile Rule Could Affect Renewable Energy Projects
Energy experts at Bracewell LLP explain how a pending wind farm application could influence how renewable projects are developed under PURPA.
Kept reading articles on the massive underinvestment in new supply, due to these persistent low como
I bought this stock at $4 and some change then sold at $17 plus dollars. plenty of room to go down but is a good company. just gotta ride the waves
Hola #$%$ bubble buyers. This manipulated stock will be under 10 soon
This is the real reason we’re ‘drowning in oil,’ says Ed Yardeni
Yardeni Research’s Ed Yardeni explains what he believes is the real reason the world is suffering from a glut of oil
Stock split-This stock split 2:1 in mid 2015 and early 2014. It's just a matter of short time that this upward trajectory will continue with all the new pipeline build activity. It will go up fast when it starts going up so don't be tempted to sell when that starts to happen. Best wishes all.
In a victory for the Standing Rock Sioux Tribe, Court finds that approval of Dakota Access Pipeline violated the law.
In a 91-page decision, Judge James Boasberg ruled that the federal permits authorizing the pipeline to cross the Missouri River just upstream of the Standing Rock reservation, which were hastily issued by the Trump administration just days after the inauguration, violated the law in certain critical respects. The Court did not determine whether pipeline operations should be shut off and has requested additional briefing on the subject and a status conference next week.
The federal judge wrote, “the Court agrees that [the Corps] did not adequately consider the impacts of an oil spill on fishing rights, hunting rights, or environmental justice, or the degree to which the pipeline’s effects are likely to be highly controversial.”
This is manipulated stock 30 yet? Jeez bagholders never learn. Next coming is distribution cut and this one tanking below 10. Oil glut ain't going anywhere. Electric cars will kill crude demand
Just bought more. I think oil will rebound soon with peak summer driving.
Next week the Judge will have a hearing on whether to stop the flow through the pipeline...