IMHO We are seeing the beginnings of a changing tide in oil....

IMHO

We are seeing the beginnings of a changing tide in oil. While this message has been sparked for some time, the data is now telling with reserves at lowest levels since Jan 2016 and 7 consecutive weeks of crude draws in the US. Whilst I have no crystal ball - I always look to the data, and fact based investments.

It's been a long hard slog. Even the "oil gods" like Andy Hall have had to shut up shop. Pain across the industry is cutting. Shale investors @ wall st will see the writing on the wall and tighten purse strings, whilst their fields show far less productivity regardless of how many new drills they add the fundamentals aren't stacking up.

This is a good time for FAR. We have positive news ahead and management has directed the ship through the storm well. I've been in since 2014, I expect several jumps in the coming weeks but these steps will be nothing on the mountain of growth we will see leading into the next 12-18 months where results will be firmed, oil markets will tighten and the pressure of global growth will demand a secure source of energy.

A few more bumpy nights but looking forward to upgrades from CNE next week along with FAR's own assessment of the monster they've uncovered which appears to keep growing to north and now to the South (A2).

Good things, good things


http://www.reuters.com/article/us-usa-oil-eia-idUSKCN1AW2B0?il=0

https://www.eia.gov/petroleum/supply/weekly/pdf/wpsrall.pdf