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semi_infinite

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semi_infinite

Re: semi_infinite post# 16457

Monday, 12/31/2018 12:20:28 PM

Monday, December 31, 2018 12:20:28 PM

Post# of 29297
O&G 2018 review - Ugly for everyone except the two I mentioned, Lukoil and Gazprom (I assume rosneft did ok too). HAL was actually a forewarning on oil price postings as field supervisors that have to approve expensive well projects were months ahead of the herd. Even NOV which I consider steady Eddy is acting very sick. XOM as sickest of the majors (dipping below 2015 crash) is not good.

IMO Something significant is happening beyond the noise of excess light oil production via shales. What it (or they are) is and where we are wrt timing will be subject to debate. As for Aramco IPO, SA is SOL.
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