Replies to post #6491 on GulfSlope Energy Inc (GSPE)

[spec machine]

Oops, forgot to post the link in my earlier message (it happens to the best of us, right?)

https://www.bloomberg.com/news/articles/2022-05-02/gulf-of-mexico-oil-drilling-makes-too-little-too-late-comeback

It’s posted other places if you can’t pull up the entire article due to the paywall, just search “oil too little too late” for articles posted yesterday

Basically, it says the majors are not planning huge new deepwater projects as much now, even as crude prices are roaring

The part they don’t mention is the shelf subsalt and other “low carbon, smaller capex” projects that should be gaining favor alongside onshore shale plays

That’s my bet

Cheers,

spec

PA - Upward on the big board but those liquidation sales might be in the cards still, both at GSPE and other low volume stocks

Buy Dirt :-)