Login
Get your free website from Spanglefish
01 June 2016
NUGGETS

Some months ago we talked about finding small oil companies with good reserves that were being sold at massively discounted prices to Assets because of the low oil price. The price of oil has almost doubled since then so some of you will be sitting on some nice prospects. When you add to this the fact that "Big" oil has to find cheaper to produce reserves than the +$70 that they currently have and we may find that we are in for a spate of "consolidation" as the bigger fish start swallowing the smaller ones particularly in the US shale sector where wells can be drilled for less than $2m as opposed to the offshore cost of close to $100m per well.

site map | cookie policy | privacy policy | accessibility statement