The Brains Trust - 2016, page-14558

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CaptainGrumpy

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20/05/18

19:46

Post #: 33219286
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Originally posted by Sector ↑

$75.
Snippet of some key points today

Oil prices pause after OPEC-inspired rally; Brent backs away from $52 - MarketWatch

“While we acknowledge that OPEC’s track record of delivering on production cuts has historically been poor, on a net basis we expect this to tighten crude markets,” said Scott Darling, the head of Asia-Pacific oil and gas research at J.P. Morgan.

The deal is expected to accelerate the rebalance of supply and demand in the market, which will likely shift to a 500,000-barrel deficit in the first half of next year, Bernstein Research said. It added that the deficit could rise to more than 1 million barrels a day by the second half of next year.
Higher prices, however, are likely to cause more U.S. shale producers to increase production.
The latest production data from the U.S. Energy Information Administration showed U.S. production increased by 9,000 barrels a day to 8.7 million barrels for the week ended Nov. 25.

“There is a real risk that higher prices could reactivate more dormant shale oil,” said ANZ Research, which expects international oil prices to hit strong resistance at around $60 a barrel in early 2017."

there are around 9000 wells in US waiting to be fracked for production and currently shut in.

$75 in near term is a pipe dream imo...but happy smoking in the meantime.
Smart money was made from Jan - June this year off $30.

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These “pipe dreams” just continue to pay the bills @Sector

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The Brains Trust - 2016, page-14558

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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The Brains Trust - 2016, page-14558

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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