The NEW guys now installed here at TEG have been around the Block once or twice when it comes to O & G and the the development of such.
AAF obviously were not happy with the progress and current direction of the previous Board and in particular our current SP.
Brent powering again at present and back over $96.
SO when you read below and some of the biggest and best in the market are informing we are staring at $100 plus and our A$ sits around .72 SURELY SURELY you are thinking about getting the TEG in full action mode to get new storage deal done,refinery deal done and announced and then some plan to drill and get more Oil.
We have the prime PB Turf all over the place for FFS lets go and get some news out there.
Sheesus just give us some news and action.
Somebody certainly got very bored and chunked a few out yesterday.
Didn't think I would be back buying at 1.5 again.
You don't have to be a genius to know that we continually are tipping our oil into the BIG tank and if POO is $100 plus then that pick up will be worth serious cash to the minnow TEG with big PB infra that as we all know Pilot/Mr,Lingo wants to get his hands on.
Sweetheart deal I would prob say yes to that down the track but for now just lets use some common sense on Board and Go Hard the O & G.
Honestly I hope the AAF are demanding Oil action.
All above is just my opinion only of course.
Oil Prices Will Hit $100 And Stay There - Vitol CEO
By Irina Slav - Feb 21, 2022, 9:12 AM CST- The Chief executive of Vitol expects oil prices to climb to $100 and remain at that level for an extended period of time.
- This bullish prediction is driven by a belief that global demand will surge in the second half of the year and could surpass 100 million barrels per day.
- On the supply side, it is the fear of shrinking spare production capacity and restraint from U.S. shale that is driving oil prices higher.
Oil prices have higher to go, and they will stay there for an extended period of time, says the chief executive of Vitol, Russell Hardy.
“The 100 million-barrel number is probably going to be exceeded this year,” Hardy told Bloomberg, adding, “Demand is going to surge in the second half.”
According to him, demand for crude this year could surpass 100 million barrels daily.
Major Wall Street banks, including Goldman Sachs, Bank of America, JP Morgan, and Morgan Stanley, expect prices to hit
$100 a barrel as soon as this year. Some analysts
forecast even higher prices, up to $150 per barrel of Brent crude.
(20min delay)