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Old 03-08-2022, 02:41 PM   #6461
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https://twitter.com/user/status/1501311633905405961
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Old 03-08-2022, 03:24 PM   #6462
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In other words...make it worth our while and we'll consider it...
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Old 03-08-2022, 03:36 PM   #6463
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In other words...make it worth our while and we'll consider it...
Or, they saw what happened with the other one (gov buying it) and hope for the same.
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Old 03-08-2022, 04:06 PM   #6464
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They would revive it if they government gave them guarantees plus a sizable insurance payout if things are held up.

Its a big money maker.
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Old 03-08-2022, 06:30 PM   #6465
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Just make sure to rename it something other than Keystone and it'll probably go through without issue
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Old 03-08-2022, 06:46 PM   #6466
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Just make sure to rename it something other than Keystone and it'll probably go through without issue
Call it the America First Pipeline. Sure thing.
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Old 03-09-2022, 08:05 AM   #6467
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Build Back Better Pipeline.
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Old 03-09-2022, 10:24 AM   #6468
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Call it the America First Pipeline. Sure thing.
Freedom line

Or maybe the "Build Back Better for America First - The Freedom Pipeline and Union Jobs Delivery System"
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Old 03-09-2022, 12:08 PM   #6469
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"Transporting Freedom Oil...."

I'm not sure why they don't just put CP in charge. Pretty sure we could get it done.
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Old 03-09-2022, 12:10 PM   #6470
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"Transporting Freedom Oil...."

I'm not sure why they don't just put CP in charge. Pretty sure we could get it done.
I feel like that applies to almost everything we discuss on this site!
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Old 03-09-2022, 12:17 PM   #6471
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I heard rumors that the last time SA really cranked up production they pushed their water injection so hard that they damaged formations and it limits their subsequent production. I'm not an upstream guy so take it with a grain of salt. Like you said, you can't trust much of anything out of SA.
My career that started in 2005 has now gone full circle. "Twilight in the Desert" all over again.
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Old 03-09-2022, 01:09 PM   #6472
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My career that started in 2005 has now gone full circle. "Twilight in the Desert" all over again.
He wasn't completely wrong, Ghawar has declined far more than people thought when SA released their data prior to going public. They've also never made the 12Mbpd production target. I do agree though that he didn't take into account technological improvements in his forecasts.
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Old 03-09-2022, 01:31 PM   #6473
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Biggest daily drop in oil prices in 2 years as UAE calls for OPEC to increase production.

https://www.cnbc.com/2022/03/09/us-o...ear-highs.html

I assume you are still all rich though at these prices.
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Old 03-09-2022, 02:21 PM   #6474
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Biggest daily drop in oil prices in 2 years as UAE calls for OPEC to increase production.

https://www.cnbc.com/2022/03/09/us-o...ear-highs.html

I assume you are still all rich though at these prices.
I was certainly never rich before, but our stock dropped 10% today on the news.
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Old 03-09-2022, 03:19 PM   #6475
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Even at $80 or $90 per barrel, OPEC is still going to make a ton of money. Why wouldn't they increase production if they are capable?

Secondary concerns are being able to increase fuel production to get fuel prices down.
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Old 03-09-2022, 03:48 PM   #6476
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OPEC talks about boosting production but they seem incapable of actually meeting their targets. February they boosted a fair bit, but still underran the target.

https://www.spglobal.com/commodity-i...sion-continues

https://oilprice.com/Energy/Crude-Oi...On-Russia.html

Upwards of 4.3mbpd is out of the market due to Russia's actions in Ukraine.
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Old 03-09-2022, 04:05 PM   #6477
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I was certainly never rich before, but our stock dropped 10% today on the news.
No CAD E&P was down 10% today - are you US or international?
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Old 03-09-2022, 04:06 PM   #6478
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I am quite skeptical of OPECs ability to turn on the taps enough to meet demand and replace RUS barrels. Lots of the smaller members have operational issues resulting in them below their quotas anyway. Time will tell if the UAE and SA will be able to fill the void... If it proves they can't, oil is absolutely going to rip through that $200 ceiling real fast. The only downside catalysts at this point are Iran and Venezuela - both of which are fairly small.
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Old 03-09-2022, 05:51 PM   #6479
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https://twitter.com/user/status/1500735533164765184
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Old 03-09-2022, 06:13 PM   #6480
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No CAD E&P was down 10% today - are you US or international?
He’s service side.
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