Prices will have to rise as all the CAPEX and Maintenances cuts eat into supply
Russia has said its production will drop 6.75% next year. Saudi is geting the chance to save face and cut by circa 6/7%. Think they will let frackers drown at 20 dollars a barrel for next few months before OPEC comes to an agreement with Russia etc .
Always darkest before the dawn
Still very inf on a 1:7 1:8 Share swap For Providence To Take over Landsdowne. Thereafter Sequa to take 55 million shares for 25.6 percent of Company for 70-80m euros. This Would allow for appraisal at Barryroe and Spanish point. Thereafter as oil suplies cash Out in 2018/19 majors And NOCS Will come banging On door making nice offers