Replies to post #12047 on Viewer's Choice

[littlejohn]

When WTI fills gap down from $85/bbl

from 2022 it should bring in

more buyers then,,,chart thingy...

puts Brent at $90/bbl or higher...

shouldn't happen on a back test day

of support on Tuesday...

Buyers want to reload cheaper if

they took profits on Monday...

If it reflected the heavy traffic that

I endured last week, it could go

much higher...

Demand further north is still due

to come in bigger...


Great country, bankers can steal money

from clients and gov't bails them out,

but you can't pay a gal even if she

wanted to get paid...


So we watch...LJ

[littlejohn]

VTLE 50.71, 04/03/23 acquisition closing date...

https://www.otcmarkets.com/filing/html?id=16539839&guid=5zm-kqGiKufgcVh

acquisition description...

https://finance.yahoo.com/news/vital-energy-announces-midland-basin-220800231.html

How does the accounting work for

effective date of 01/01/23 acquisition

that closed on 04/03/23?...

lol, seems screwy to me with effective

date in previous quarter from the

closing date and share issuance...

Accretive is keyword, which meaning

implies new shares and other financials

should be comparable to previous numbers

prior to the acquisition...

LPI liked to take a run after a deal,

so let's see how VTLE reacts...


So we watch...LJ

[littlejohn]

history, Opec+ had a pie in sky production

target in 2022 to try and help

rein in the high prices...

And underperformed by 700,000 to

900,000 bbls/day on targets...

Cut last fall allowed Saudis to quit

over producing an unsustainable

amount for long term production...

Do we know if they were using their

stock piles like SPR to pitch in to

meet the higher production targets?...

https://www.reuters.com/business/energy/sarabia-other-opec-producers-announce-voluntary-oil-output-cuts-2023-04-02/

https://oilprice.com/Energy/Energy-General/Oil-Prices-Soar-As-OPEC-Shocks-The-Market.html

500,000 bbls/day of new cuts news is

from Russia and already expected...

The new cuts otherwise would be new

and effectively reduce overall sales...

Which there again allows countries

that may have been pushing their

production too hard to step back

some and produce in a fashion more

sustainable for the long term...

This may be a much bigger point

being made than meets they eye...


Similar to unlimited data for tech users

to make a comparison, which sounds

great, until band widths get maxed and

leads to down times, surprisingly, that

lead to dead times to use data...


There is no free lunch...

So we watch...LJ