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while it seems the volume of money comes out of nowhere, remember producing millions of bbls/day Bakken, Permian, EF, Nio etc is "wealth creation" for producers, employees, and especially royalty owners. A bonanza if there ever was one.
Agree completely. Not necessarily true for shareholders but very, very true for those actively working in the industry as well as the royalty owners. As a reminder: I am inappropriately bullish on the Bakken as well as oil in general.
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while it seems the volume of money comes out of nowhere, remember producing millions of bbls/day Bakken, Permian, EF, Nio etc is "wealth creation" for producers, employees, and especially royalty owners. A bonanza if there ever was one.
ReplyDeleteAgree completely. Not necessarily true for shareholders but very, very true for those actively working in the industry as well as the royalty owners.
DeleteAs a reminder: I am inappropriately bullish on the Bakken as well as oil in general.