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Wednesday, November 3, 2021

Chillax. Keep Calm. Frack On. November 3, 2021

For those of you who are concerned about WTI pulling back below $80 please take some time to read the multiple threads at this link

It's counter-intuitive and scary, but the pullback below $80 is very, very important on so many levels. 

For those investing in the stock market this may provide some buying opportunities. 

Unless it's a prolonged pullback, more than three months, it should not affect royalty payments to much extent.

God must have a sense of humor and successful oil men must have nerves of steel. On the day Harold Hamm closes / announces a $3 billion deal to buy into the Permian, WTI crashes five percent and drops below $80.

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Laugh, Laugh, I Thought I Would Die

Laugh, Laugh, Beau Brummels
The drummer is channeling Ringo.

4 comments:

  1. Several story's I've seen have the drop as an over reaction to Iran nuke talks startup end of Nov.
    Over reaction because no one is even sure those talks/negotiations will even happen, given volatile political climate in DC.

    ReplyDelete
    Replies
    1. LOL. Iran doesn't even that much oil to make a difference, and what oil it has will be sucked up by China. I guess I've heard the same thing -- Biden so frustrated he was trying to scare US oil companies and/or OPEC+ into producing more oil.

      Delete
  2. This is a refreshing common sense approach

    https://youtu.be/wGTBBgF2naY

    ReplyDelete
    Replies
    1. Thank you. I can listen to that in the background while blogging. Thank you.

      Delete

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