SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: elmatador who wrote (206041)6/12/2025 9:29:16 AM
From: robert b furman2 Recommendations

Recommended By
elmatador
sixty2nds

   of 206084
 
Hi EL,

I have several smaller oil well companies ( mostly in the Permian. They have innovative electricity generation with dual fuel Caterpillar engines and new rigs that drill up to 16 wells without needing to be moved. 4 mile long laterals and large contiguous acreage.

They are profitable at 35.00 btper barrel.

At 65.00 per barrel they are very happy.

On any spike up in price they hedge out their 2025 production totally and 2026 is 50% hedged out.

Harold Hamm said they needed 80.00 to justify MORE DRILLING.

That does not mean at 65 they stop drilling. At below 60 they stop Capex and allow a small decline in production.

I have read from some oil analysts that sanctions on both Venzuela and Iran will keep crude in tight supply.

Crude demand is tight and many of OPEC+ do NOT have excess capacity.

It is currently believed by some that production in all of the shale basins (Including The Perian are 50% depleted , which marks the maximum production level over time.

The US has more exploration to domin the Gulf of America and Alaska's ANWAR region. Both long term multiyear projects before oil is produced.

I think the world will be INCREASING DEMAND as oil supply is somewhat constrained.

Now that the scam of EV's making the ICE obsolete is exposed, demand will continue to grow - especially in emerging markets where crude demand has always been underestimated.

I'm talking my book here, but I think the big surprise will be more expensive crude an supply increases just not inexpensively develped or found.

JMHO

Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News