BYE 0.00% 5.4¢ byron energy limited

Shale Oil Price

  1. 46 Posts.
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    Hello All,

    First time posting and was hoping for some opinions.

    While a higher oil price would obviously be positive to share prices. Would it not be more beneficial to us for WTI to stay below $40 for the next few months. This would cause bankruptcy in many small to mid sized shale producers, not good for jobs or people but that’s a separate matter.
    This would then lead to a greater supply deficits and a longer and more sustained higher price to BYE.

    Is my line of thought incorrect, please let me know.

    Regards
 
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