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The small volume driving the SP suggests more are waiting around...

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MarkHGO

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11/02/22

15:30

Post #: 59514442
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Originally posted by grayza84: ↑

https://oilprice.com/Energy/Energy-General/Could-This-Be-The-Last-Great-American-Oil-Boom.html

"Lack of Tier I locations, Second-order effects-
Other voices are now echoing the concerns I’ve noted about the remaining quality of drillable inventory. An article carried in the Wall Street Journal-WSJ, discussed this dwindling inventory of top-tier locations in arecent article.
“The limited inventory suggests that the era in which U.S. shale companies could quickly flood the world with oil is receding, and that market power is shifting back to other producers, many overseas. Some investors and energy executives said concerns about inventory likely motivated a recent spate of acquisitions and will lead to more consolidation.”
WSJ
If in fact, this reduced level of premium drilling locations does impact shale output, then the burst of activity I anticipate will not yield the results in production growth desired and anticipated. Does this mean the increase in drilling activity I am projecting will decline as well?
Probably not. The decline rate of shale, the aging of the well inventory, both suggest a renewed drilling push required to sustain, or attempt to increase shale output at higher levels will ultimately fall short of its goal.
Your takeaway
We think the increases in output we are seeing now are unsustainable. Companies may shift to lower-tier drilling locations that could not compete for capital in a lower price environment to avoid their being stranded in a downturn. In any event, as these top-tier locations are used, production will fall."Could the TMS be one of these plays?

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The small volume driving the SP suggests more are waiting around to see what comes than aren't?

it's always pleasing when you've done your research on a stock & find an opportunity to top up when some get caught up with the general market momentum!

Are that many running close to the wind with their investments?

ATS Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $11.60M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
9	1415265	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	615099	3

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No.	Vol.	Price($)
8	1215265	0.009
6	2825388	0.008
8	3942999	0.007
3	5250000	0.006
6	3850000	0.005

Price($)	Vol.	No.
0.010	615099	3
0.011	100713	2
0.012	736740	2
0.013	380271	5
0.014	807710	2

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The small volume driving the SP suggests more are waiting around...

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The small volume driving the SP suggests more are waiting around...

Top Stories

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Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News