Replies to post #78400 on Koil Energy Solutions Inc. (KLNG)

[Fred Kadiddlehopper]

Trueheart: I respectfully disagree in that your analysis presumes that exploration and drilling are subject to short term pricing patterns when, in fact we are discussing long term strategic projects. As long as you agree that the long term demand for oil is up and the supply of easily obtainable crude is going down then there will be no slackening in demand for services to support these deep water endeavors.
Always a pleasure to hear your thoughts.
Good luck!
-Fritz

[testrage]

FWIW, I thought that OPEC came out with a statement after their last meeting that they would do whatever was needed to keep the price of oil at $100/barrel.

If they did not go away from this philosophy of theirs then I don't think the current oil prices will be anything but short-lived.

All IMO. I'm sure the bigwigs at OPEC are happier with $100/barrel than $90/barrel not to mention they literally have everyone else over the barrel (pun intended). They cut supply - prices go up; they flood the market - prices go down. Simple supply and demand.

Have a good night and GLTA

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