Hi everyone,
Just saw this on oilprice.com
(Source oil price.com)
It's not everyday you see a 46% increase on a commodity. My first thought was with Boys1 and his pro OEL view point and the Lightning gas field. Which is easy to drill (all disclaimers), because it's on land.
I can only assume that the markets have collectively decided that Russia might invade the Ukraine and sanctions will follow. If the EU can't get gas from Russia and the US has imposed sanctions, then I guess that the gas will have to come from the US. Hence the price rise. Should I be investing in gas transportation?
Biden can't sanction on one side and then ban exports due to high prices on the other. Political this is a tough place to be.
All disclaimers. Badger is a gas producer himself. Especially first thing in the morning after a good curry the night before
Have a great weekend everyone.
Add to My Watchlist
What is My Watchlist?