PCT Ltd (PCTL): With crude oil rallying to over $70 a ba...

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DesertEagle

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Sunday, 06/20/2021 9:50:30 PM

Sunday, June 20, 2021 9:50:30 PM

With crude oil rallying to over $70 a barrel this month many analyst, including Goldman Sachs, are raising the possibility of $100 oil again due to recovering demand and a tight supply.

Several factors are supporting this very bullish view on oil right now. Global crude oil demand is expected to surge, in the biggest jump ever over the next six months. So far this year, oil prices have surged 49% and there is no indication it will slow anytime soon.

That is good news for PCTL's venture into the EOR market place. With the Biden administrations new restrictions on conventional drilling and hydraulic fracturing, the need to recover more oil through Enhanced Oil Recovery methods is getting increased traction with independent producers.

PCTL + Maverick Energy = $$$

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