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 : Tusk Energy (TKE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael M. Cubrilo who wrote (1062)3/11/1999 7:05:00 PM
From: kingfisher   of 1207
 
Mike,
I do recall reading an article late last year suggesting the $5 per barrel scenario.At that time oil (W.T.I.)was trading around $10.The author gave two price targets for oil.It was going to $5 or $18 depending on the Saudi's.He concluded that it was not in the best interest of the Saudi's to flood the market and suggested that common sense would eventually prevail and oil would recover.
I am of the opinion that we may see $18 oil by December,only if we start to see hard evidence of production cutbacks by Opec this summer.If this was a perfect world in which all races and religions could cooperate fully then it would be very efficient and logical for the world to trust the Middle East and invest a couple of hundred billion for them to become exclusive producers.If anyone believes in Santa Claus and the Easter bunny we may see $5 oil flowing within a couple of years and for the next 25 years also.

Wonder when Tusk are going to release some news?Still waiting for information on Carvel,Strachan tie in,shallow well spud date at Strachan,Meekwap etc.

Very few juniors reacted to recent upswing in oil.I am surprised at the complete lack of take over activity in oil patch.Seems when oil was trading at $26 a deal a week was normal.Now nothing.Even good companies with little debt and good prospects being ignored.

Have a pleasant evening,
Richard
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