Wow I did not expect to see these prices this side of winter.
(source oilprice.com)
Especially with Biden in charge, doing his best to put prices up, so we move to a carbon free future. However with the surge of covid delta+ (Omicron variant) it seems like the price has gone down. This could make for an interesting opec+ meeting. When' s the next meeting? Hmmm.Today 2nd December. How upset is Biden going to be IF they decide to slow the rate of increase? I reckon he would have a Trump style hissyfit.
LL futures seem to be set at $65 as far as the eye can see.
https://www.cmegroup.com/markets/energy/crude-oil/light-louisiana-sweet-lls-argus-crude-oil-trade-month-swap-futures.html#
But the really good news is that the hurricane season has official ended in the gulf. I think that deserves a few extra $ on the BYE share price. What do you think Boysy1?
Chris6 are you out yet? And if so where is your next target?
Jophda, You mentioned that the new drill (SM68 E2) had already paid down 15% of the drill cost. "Repaying 15% of well costs after just 1 month is not a bad start." Did we actually ever get the drill cost, or are you estimating? I am buggered if I can find it. It was one of Boysy1 whinge points.
All disclaimers. (badger likes pretty colours, as long as they are not red)
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