Here are some rig count data correlated to prices back to 1992. You can form your own opinion as to what it means. I have already stated it and it looks pretty clear to me. If you think it's dead, then you probably also think oil is still heading to $100 next week. The last big oil price crash rigs fell 50-60%, as they did in 98 and on many other occasions.
Here are some rig count data correlated to prices back to 1992....
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WDS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$24.26 |
Change
0.335(1.40%) |
Mkt cap ! $46.62B | |||
| Open | High | Low | Value | Volume |
| $24.55 | $24.59 | $24.16 | $55.27M | 2.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3973 | $24.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.26 | 25 | 2 |
View Market Depth
| Last trade - 13.34pm 13/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |