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Originally Posted by I-Hate-Hulse
Oil at $95. Anyone know what economics are on all these tight formation plays like Montney and Bakken? Can they be profitable at $90 oil? This is getting into provincial budget estimates range methinks.
I learned yesterday that there has been considerable movement of capital from energy to financials last week in the market. I don't understand how a bailout of Freddie Mac and Fannie May would persuade that argument...
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This is pure scuttlebutt, but Shell will pull out of the oilsands if oil hits $85.
Total's oilsands play is priced for $90 oil, so they're getting awfully close...