11-29-2016, 01:11 PM
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#3141
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Franchise Player
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Quote:
Originally Posted by burn_this_city
Pipelines are good but the more important matter is the OPEC decision tomorrow. If they don't cut there will be more bloodshed at producers here in town.
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You think so?
I'm not sure any plans change whether or not oil is 40 or 50 in the short term. I'm don't know of anyone using strip pricing with much upside.
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11-29-2016, 01:21 PM
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#3142
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First Line Centre
Join Date: Feb 2002
Location: Normally, my desk
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Quote:
Originally Posted by Fuzz
I don't know how anyone can still think OPEC is going to do anything after the past 2 years of this same routine every 3 months. It's a joke.
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It's all about ego. I mean the math is simple for the Saudi's;
9.5mbpd @ ~$35 = $332.5
8.5mbpd @~$55 = $467.5
But, as you say, that math has been in place for awhile now.....
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11-29-2016, 01:27 PM
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#3143
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Franchise Player
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I'm just using past performance to take a guess at what is going to happen with OPEC. And even If they do agree to a production cut(which is doubtful), past performance will show that they are all a bunch of liars and no one will actually cut production. So whatever boost may happen with the markets, it's still based on a fantasy.
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11-29-2016, 01:32 PM
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#3144
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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Quote:
Originally Posted by GGG
You think so?
I'm not sure any plans change whether or not oil is 40 or 50 in the short term. I'm don't know of anyone using strip pricing with much upside.
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If there is no cut we will likely revisit 30s again, I would expect companies to trim again if they kick the can down the road on spending.
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11-29-2016, 01:35 PM
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#3145
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On Hiatus
Join Date: Jul 2011
Location: Calgary Alberta Canada
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Guess well see what happens with Trump and the Iran deal as well.
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11-29-2016, 01:37 PM
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#3146
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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If he tears up the nuclear agreement that would remove 800-1M bpd. Not quite enough to balance things but gets us pretty close. Hard to know if he'll follow through or not.
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11-29-2016, 01:44 PM
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#3147
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Franchise Player
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Quote:
Originally Posted by burn_this_city
If he tears up the nuclear agreement that would remove 800-1M bpd. Not quite enough to balance things but gets us pretty close. Hard to know if he'll follow through or not.
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That's assuming they don't fly solo on sanctions this time, which I think they will. Europe isn't going to rejoin sanctions because the new temperamental president has a tantrum and tears up an agreement that was signed and is being acted upon in good faith.
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11-29-2016, 02:22 PM
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#3148
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Franchise Player
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Yeah, I have a bunch of money sitting on the sidelines, and I really wonder if I should take a chance that we get good news tomorrow. When would that announcement come out of the OPEC meeting?
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11-29-2016, 02:29 PM
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#3150
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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Quote:
Originally Posted by V
Yeah, I have a bunch of money sitting on the sidelines, and I really wonder if I should take a chance that we get good news tomorrow. When would that announcement come out of the OPEC meeting?
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Hard to say how long the horse trading goes on. We might know before the market opens or it could drag on into the evening in Vienna.
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11-29-2016, 02:36 PM
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#3151
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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Jr is late, must be signing the gift basket for the Castro clan.
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The Following 2 Users Say Thank You to burn_this_city For This Useful Post:
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11-29-2016, 02:37 PM
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#3152
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Franchise Player
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Is every person in that room french?
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11-29-2016, 02:40 PM
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#3153
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by Weitz
Is every person in that room french?
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Why? Did they surrender?
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
If you are flammable and have legs, you are never blocking a Fire Exit. - Mitch Hedberg
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The Following 6 Users Say Thank You to Locke For This Useful Post:
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11-29-2016, 02:45 PM
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#3154
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Looooooooooooooch
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Did you hear that? The guy with one follower on Twitter is tweeting that KM has been approved.
It's official!
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11-29-2016, 02:48 PM
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#3155
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Franchise Player
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Sounds like machine guns goign off
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11-29-2016, 02:48 PM
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#3156
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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Haha I don't think KM is even on the table today.
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11-29-2016, 02:50 PM
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#3157
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On Hiatus
Join Date: Jul 2011
Location: Calgary Alberta Canada
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Quote:
Originally Posted by burn_this_city
Haha I don't think KM is even on the table today.
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Just reading now as many as four decisions will be made today
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11-29-2016, 02:52 PM
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#3158
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Franchise Player
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Doesn't sound like a good start to this speech for Alberta.
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11-29-2016, 02:52 PM
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#3159
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Franchise Player
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Just going to say I have a bad feeling about this
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11-29-2016, 02:53 PM
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#3160
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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He's just dovetailing it all together.
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