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Avoid Oil & Gas Stocks. Here are reasons why.
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huathuat88888
Elite |
08-Feb-2019 13:25
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US OIL INVENTORIES UP AGAIN
US NOW THE BIGGEST OIL PRODUCER
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huathuat88888
Elite |
08-Feb-2019 11:57
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Already hinted here to avoid O & G stocks esp those high maintenance high capex high staffinv costs high depreciation costs ...
E.g. Ezion aka Ezra "bro" aka Swiber "cousin".... |
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huathuat88888
Elite |
01-Feb-2019 15:29
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O & G longists still living in the past.
OPEC has reduce supply twice. Oil Price still at US$50 range. Why ? SHALE OIL booming in US. Green Energy. Solar. Biofuels. |
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huathuat88888
Elite |
01-Feb-2019 10:47
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O & G biz :
Especially Offshore , involves high capex lots of capital and high maintenance expense in staffing logistics engineering. Swiber is 1 example. Ezra. ....etc |
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huathuat88888
Elite |
01-Feb-2019 10:27
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SHALE OIL BOOMING IN US
Chevron Looks To Double Permian Production By 2022 Jan 30, 2019 Unlike many oil and gas firms who had given up some of their acreage in the Permian before the shale revolution, supermajor Chevron and its legacy companies have been sticking with the huge acreage position in the basin since the early 1920s. A century later, Chevron?unlike many other companies?doesn?t need to spend crazy per-acreage money to get access to what is currently the most prolific U.S. oil field thanks to the shale drilling technology. Chevron plans to double its production in the Permian by 2022 and is investing in growing production at high-return short-cycle projects. It?s not by chance that the U.S. supermajor has held onto its Permian position?it was a deliberate decision, Chevron?s vice president of global exploration, Liz Schwarze, said at a Permian-focused conference in Texas last week. ?We always knew that there was more to give from the Permian, but we didn?t quite know how,? Schwarze told the conference, as carried by E&P. Now Chevron is trying new completion techniques to get more out of the wells and optimize operations to get more returns on investment, according to the Chevron manager. In the upstream business, the company is investing this year US$10.4 billion to sustain and grow currently producing assets, including US$3.6 billion in the Permian and US$1.6 billion in other shale and tight projects, Chevron said in its 2019 budget plans announcement in December |
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