santos result came out last week and they were great
but the market barely moved, in part it’s viewed it’s near its peak.
also when you look at previous oil spike, as fast it goes up, it also comes down just as fast. all previous instance was up and down in a matter of two years.
as much as Europe talk about stopping oil flow from Russia, we ain’t seeing any decline, yet. Not to say it won’t, but for now, Putin still have the west by its balls
the war will eventually end, if the flow from Russia doesn’t stop now, why would it stop when they come to a truce?
best case scenario $80-100 in the near term, long term it will go back to historic average.
WPL@$40, page-520
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