Saturday, March 04, 2017 7:00:49 PM
i'm on watch here.
Looks like long term we should be fine
Short term i see some hurdles for the oil patch in a whole
First i think the general market is overheated.
Dow flirting 210000 and inching each week.
I my opinion stock market is screaming for a correction.
Don't think the oil company's are going to take a hard beating ,because they have been battered already a significant amount over the last few year's
second i also think $50 oil is enough for the next 1-2 years to come.
Because the weekly oil production is clearing the nine million again in the us. I think that's amazing with the distressed price the last two years.
I also believe OPEC's cuts aren't in for a further decline when they see US is on the rise again
Time is going to tell that they overstated the cut in production.
So inventories are not going to fall ,and its going to take a lot more time to rebalance the market then everyone thinks.
third
I do think the trump election is a succes for the oil market.
But its clear to me that trump cant do wonders because most of the big regulations has to pass the house of parlement and congress.
For as much as i know from us regulation. and also most US states have rules of there own .
But should be a positive for moving on.
I'm approaching the market carefully and someday i'm going to be all in on oil.
I'm watching your post and i find you one of the most sincere persons around here.
your effort's are a could help to me to understand some of these company's
Greetings Koen
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