AMEX Personal 60K || Business Platinum 75K || Biz Gold 40K || SPG 25K
Oct 10th, 2017 11:07 am
Oct 11th, 2017 10:15 am
Oct 11th, 2017 11:24 am
Oct 12th, 2017 11:58 am
Oct 12th, 2017 6:36 pm
Oct 14th, 2017 1:30 pm
That's part of the problem. All the banks lending money to these shale drillers flooded the market. The market will correct itself. Overtime investors/lenders should get frustrated and gradually lend less money to these outfits and current ones will stop growing. Some will go under. Will just take time.loopy1984 wrote: ↑Oct 12th, 2017 11:58 am2018 i believe will be the new leaf for oil prices, going to be a lot more bullish
France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
As part of efforts to support energy transition, France’s biggest listed bank, BNP Paribas, said on Wednesday that it would no longer do business with companies whose main business is exploration, production, trading, or marketing of oil and gas from shale or tar sands projects.
In one of the latest signs that the banking industry is evaluating the wisdom of doing business with the oil and gas industry in the face of mounting pressure from investors..
Oct 14th, 2017 2:41 pm
It's already correcting. The US rig count has been slowly dropping all through the third quarter. This includes the number of active rigs in the Permian, which have been flat or dropping almost every week. Although still way above last year's low, the US rig count has basically been flat since early June. The international ex-US rig count is actually down year over year now, having shed 21 rigs between August and September.FirstGear wrote: ↑Oct 14th, 2017 1:30 pmThat's part of the problem. All the banks lending money to these shale drillers flooded the market. The market will correct itself. Overtime investors/lenders should get frustrated and gradually lend less money to these outfits and current ones will stop growing. Some will go under. Will just take time.
Oct 17th, 2017 11:57 am
Oct 17th, 2017 12:04 pm
Oct 18th, 2017 10:59 am
Oct 18th, 2017 11:02 am
jerryhung wrote: ↑Oct 18th, 2017 10:59 amAnother, IMO, bullish report from EIA today
EIA Petroleum Inventories
EIA Petroleum Inventories: Crude -5.7M barrels vs. -4.2M consensus, -2.8M last week.
Gasoline +0.9M barrels vs. +0.3M consensus, +2.5M last week.
Distillates +0.5M barrels vs. -1.5M consensus, -1.5M last week.
Futures +0.69% to $52.24.
WTI is relatively flat ~$52 USD
and of course, TSX Energy goes down, especially the pipelines, why? NAFTA?
Oct 18th, 2017 11:36 am