It’s clear shale oil production has allowed the USA to remove some importance from OPEC it will be interesting to see how much trouble the frackers will have once they move into tier two acreage and those decline rates start outpacing the new production bought onboard.
big couple of weeks ahead the pitchforks will be out if no ATO confirmation and F5 doesn’t live up to expectations……
OEL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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