its an interesting conundrum, as he will ban fracking on Federal land, that will restrict supply, and otherwise increase the price of oil/ gas domestically.
But OPEC could meet that with increasing any additional supply. Though other country lockdowns would again see demand destruction. And oil price volatility.
That creates that window of opportunity for BRK, to acquire acreages depressed operators with weaker oil, but outside the biden fracking envelope. There has to be a path forward. The Republicans won Oklohoma, so thats good for private land holders i would assume.
As always, the big ticket item jewell well, will just need that confidence of oil/ gas prices to firm, for finance to come together imo.
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1.2¢ |
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Mkt cap ! $57.27M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $9.061K | 752.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2605358 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 27608377 | 35 |
View Market Depth
No. | Vol. | Price($) |
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9 | 2605358 | 0.012 |
38 | 38202199 | 0.011 |
14 | 17682918 | 0.010 |
10 | 5820014 | 0.009 |
2 | 185000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 27608377 | 35 |
0.014 | 20994930 | 15 |
0.015 | 4829382 | 11 |
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