With Conoco, Chevron, Shell and others now starting to feel the SQUEEZ from OPEC by reducing spending, cutting back on share purchases, possible DIVI cuts in the near future..........
Once the HEDGES dry up over the next 6-12 months, it isn't going to be a pretty picture is it?
That tells me OPEC just about has the Global economy where they wanted it......right in their BACK POCKET for now! They have " flexed their muscle " AGAIN, proven they still dictate the markets and very shortly will have the results they were looking for under the guise of HOLDING OIL PRODUCTION LEVELS TO MAINTAIN A FALSE GLUT.
Once a few of the NON OPEC countries start slipping into default, they will be content and this GLUT ISSUE will all be behind us within 6-12 mos. if not sooner!!
MY opinions are just that.......40+ years of trading experience and take it for what it is worth.
Recent ERF News
- Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company • PR Newswire (Canada) • 05/31/2024 01:00:00 PM
- S&P Dow Jones Indices annonce des modifications à l'indice composé S&P/TSX • PR Newswire (Canada) • 05/28/2024 11:17:00 PM
- S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index • PR Newswire (Canada) • 05/28/2024 09:15:00 PM
- Enerplus Announces Shareholder Approval of Transaction with Chord Energy Corporation and Receipt of Investment Canada Act Approval • PR Newswire (Canada) • 05/24/2024 04:40:00 PM
- Enerplus Announces Special Dividend and Anticipated Closing Date for Transaction with Chord Energy Corporation • PR Newswire (Canada) • 05/23/2024 12:00:00 PM
- Enerplus Announces its Quarterly Cash Dividend for June 2024 • PR Newswire (Canada) • 05/08/2024 09:15:00 PM
- Enerplus Announces First Quarter 2024 Results • PR Newswire (Canada) • 05/08/2024 09:15:00 PM
- Enerplus to Report First Quarter 2024 Results May 8 • PR Newswire (Canada) • 04/26/2024 10:00:00 AM
- Chord Energy and Enerplus Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update • PR Newswire (Canada) • 04/08/2024 10:00:00 AM
- Chord Energy and Enerplus Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update • PR Newswire (US) • 04/08/2024 10:00:00 AM
- Enerplus Announces an 8% Increase to its Quarterly Cash Dividend for March 2024 • PR Newswire (Canada) • 02/21/2024 10:45:00 PM
- Enerplus Announces Fourth Quarter and Full Year 2023 Financial and Operating Results • PR Newswire (Canada) • 02/21/2024 10:38:00 PM
- Enerplus Announces 2023 Year End Reserves Results • PR Newswire (Canada) • 02/21/2024 10:31:00 PM
- Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company with Top-Tier Shareholder Returns • PR Newswire (US) • 02/21/2024 10:19:00 PM
- Enerplus Provides Fourth Quarter & Operational Update; Full-Year Results & Reserves to be Released February 22 • PR Newswire (Canada) • 01/25/2024 10:05:00 PM
- Enerplus Announces Quarterly Cash Dividend for December 2023 • PR Newswire (Canada) • 11/02/2023 09:00:00 PM
- Enerplus Announces Third Quarter 2023 Results; Increases 2023 Production Guidance • PR Newswire (Canada) • 11/02/2023 09:00:00 PM
- Enerplus to Report Third Quarter 2023 Results November 2 • PR Newswire (Canada) • 10/05/2023 10:00:00 AM
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