It's not replacing it, it's rapidly adding to it....especially anything over $60.
Do you realise the recent oil supply imbalance was only 1.5-2mbbls per day...as global oil demand is still rising,
Won't be that far off 100m a day, so there is demand (grant that), but what stocks are best plays.
Plenty money to be made with quality, cashflow positive businesses, not shale junk.
AKK Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held
