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S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,214.80
(
0.00%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.47
(
-0.01%
)
Bitcoin
60,770.07
(
-0.08%
)
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Woody73z

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Woody73z

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Saturday, 06/20/2020 12:58:42 PM

Saturday, June 20, 2020 12:58:42 PM

Post# of 2648
Ok so I’ll post some stuff was sent a message. Here is my take honestly this was so volatile I flipped it. My issue is looks like they filed for BK before this oil price really took a dump. One main issue with smaller production companies is the cost to drill the well. These large horizontal wells cost upwards of 15 to 20 mill to drill and complete that the oil price has to be pretty stable above 40 to make a small profit. If oil can stabilize and they pull out then yes this will be a home run. Our management is telling us to be prepared for oil to stay in the 30’s for a few years.
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