Jul. 17 at 4:37 PM
$BATL @NotOfTheBody = Valued insight below :
@indepth1 @DougieFreshPicks = reply on DD. TIA
Yeah, I see the Cushing and SPR's as a critical to breaking down potentially in the near-term future. No, not in the oil industry at all, just follow it closely since 2006 & have owned small and mid-sized oilers. Currently own PR, MTDR & FANG in the Permian space. I suspected you had a background in the space.
Also, 🚨 China buying will be starting up again removing a key cushion for the global oil supplies. 🚨
Amirata Sen, head of Energy Aspects who I highly respect said recently in the FT that the world has drawn down about 600+-700 million barrels of oil stocks since the crisis began.
“If 👍 we are still in this situation by the end of this month or early next month, I don't think we've seen the worst, and I think the worst is actually going to come later on, maybe later in Q3 or early Q4,” 👍 the expert told CNBC.
Sen said that “Now we have close to nothing” left of the excess inventories, not counting the SPR's held around the world.
👍
$TPET due News in July for SEC filings with details of several new lease buys in CANADA being reviewed by NASD hearing panel. 👍
___Need to know facts with analysis from knowledgeable long time investor in oil stocks and refineries stocks. Thanks for your detailed DD and valued insight in post above.____ Regards, charles
