I understand that figure is an EIA estimate and that the actual production is somewhat lower.
Dollar cost averaging into this stock over the 3 years I have given up trying to time the recovery. Drawdowns in comparative inventory are the thing to watch I would say, along with the rig count.
Both Brent and WTI are now in backwardation.
https://www.cnbc.com/2017/11/01/wti...-backwardation-for-first-time-since-2014.html
Good signs I am hanging onto my 40,000 shares for the long haul and dividend yield.
It was a shale bubble, not a $50 - 60 new normal. I don't think Mr Market will be fooled by that tripe for much longer.
I understand that figure is an EIA estimate and that the actual...
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$6.82 |
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