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Permalink Reply by littleasy on August 15, 2018 at 8:33

EOG ⬇️ 6%; WTI ⬇️ 3%

EOG Resources to Present at Upcoming Conferences

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Permalink Reply by littleasy on August 15, 2018 at 8:35

EOG Resources to Present at Upcoming Conferences https://finance.yahoo.com/news/eog-resources-present-upcoming-confe...

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Permalink Reply by littleasy on August 16, 2018 at 2:04

”Macro Solutions Research analysts said they expect “continued strong growth in US shale, with producers set to add around 1.25 million barrels per day of crude and condensates over 2018 on an annual average basis”.

https://www.rigzone.com/news/analysts_oil_price_rise_to_drive_up_dr...

What a difference a day makes!!!

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Permalink Reply by Rock Man on August 16, 2018 at 3:53

When companies like BP ($1.2 Billion) and Diamondback (total of $11 Billion) are purchasing assets in the Permian basin at these acquisition numbers, there better be a lot of O&G in those "shale" benches that they are acquiring. Both these deals were announced in the past month.

The one area has 5 to 7 horizontal target benches - a true "stacked" play.

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Permalink Reply by littleasy on August 16, 2018 at 5:40

Network 1976

https://youtu.be/8jIw22XXSso

Please indulge my sense of humor and concern, but Hollywood in 1976 foreshadowed the 80’s and let’s hope it’s different today.  “Do you hear me Mr. Trump.”

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Permalink Reply by littleasy on August 16, 2018 at 23:05

Energy Sector Oversold???

https://www.marketwatch.com/story/the-energy-sector-is-off-the-char...

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Permalink Reply by William C. Morrison on August 17, 2018 at 0:58

I would not worry to  much.  When Cushing gets full to capacity, the market goes down, when Cushing shows it is not full to capacity the market goes up.  It is true the US is reaching or has surpassed crude oil daily/monthly/yearly requirements and is turning into a net exporter.  That and Iranian and Venezuela problems have cause the international oil market to bounce around.  There is an overabundance of natural gas except it is not always in the right place at the right time.  China is hungry for oil and gas.  I believe the abundance of crude oil in the US is unwriting the economic boom (along with relaxed EPA and riddance of excessive regulation).  I am long in MLPs, E&P, and big oil in my investments.  Hang in there.

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Permalink Reply by Bob Zimmerman on August 17, 2018 at 7:47

Trouble Down That Long Road?

https://www.reuters.com/article/us-russia-oil-sanctions-analysis/ru...

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Permalink Reply by Bob Zimmerman on August 18, 2018 at 10:23

<What does this link have to do with the Austin Chalk>>>

Plenty. When the supply of oil looms too large, the market crashes. It doesn't matter where the excess comes from in order to affect price. See paragraph 2 in the link. 

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Permalink Reply by emily on August 17, 2018 at 16:57

somethings going on in la. east feliciana parish? conocophillips!

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Permalink Reply by littleasy on August 19, 2018 at 5:56

US says conserving oil is no longer an economic imperative

http://flip.it/W6_ErM

"It's like saying, 'I'm a big old fat guy, and food prices have dropped — it's time to start eating again,'" said Tom Kloza, longtime oil analyst with the Maryland-based Oil Price Information Service.

Some may not like this, but I would be interested to know how you feel about this policy???

Thanks in advance, littleasy.

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Permalink Reply by Spring Branch,mineral owner on August 19, 2018 at 6:07

What does this have to do with the topic of this thread

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