Strange ...bang for your buck, page-2

There is an opportunity here at TEG if the Board can just get its act together.

Goldman has been making some very good calls of late and have stuck by the $80 price call for a while now.
Even with our new sale agreement with BP and the extra cost surely we can make money at $70 plus pb.
We need some new drill action desperately and how good would it be not be fully reliant on GAS to support and hold us up.
Below makes sense because no doubt we will see the world start to use more oil again and in very near future and there are just not the new supplies coming to market at present.

Live in hope, been saying that for quite a while now.

Goldman Sees $80 Oil This Year Despite Pending Iran Deal
May 24, 2021
Goldman Sachs still expects crude oil to rise to $80 per barrel by the end of the year despite reports about progress on U.S.- Iranian talks about the lifting of sanctions.
According to a note released by the bank's analysts, the recovery in demand made possible by mass vaccinations will offset the effect of additional supply volumes from Iran, per a Reuters report."The case for higher oil prices therefore remains intact given the large vaccine-driven increase in demand in the face of inelastic supply,
Even before that, in April, Goldman analysts were talking about Brent crude hitting $80 per barrel later this year in what they said would be the biggest demand jump ever.
Higher demand for travel and acceleration of vaccinations in Europe are set to result in "the biggest jump in oil demand ever, a 5.2 million barrels per day (bpd) rise over the next six months," Reuters quoted Goldman Sachs as saying in a late April note to clients.

According to the investment bank, even the spike in new Covid-19 infections in parts of Asia and the continuing increase in new cases in India would not affect the immediate outlook for oil prices.
"Mobility is rapidly increasing in the U.S. and Europe, as vaccinations accelerate and lock downs are lifted, with freight and industrial activity also surging," the most recent note said.