/biz/ - Business & Finance

>going to be 92 today in texas in February
Natty gas bros our response???

>>56225160
>oil top
I work in oil and every one is calling each other asking if there is work. Companies that were going to pick up 3 rigs in Q4 are now at maybe 1 rig if they even decide to do that 1. Oil is going to $120 minimum before anyone blinks.

>>55908700
Whatca feeling for oil/gas for rest of year? Every oil worker i know is getting laid off left and right. Barely and rigs picking up. Feel like we can see $100 again pretty quickly.

>>55756734
Factories only hire mexicans or union workers and both will gatekeep you out. Besides i worked in a blue collar job for 5 years. It beats up your body and wrecks your health. Pay was good to start but not worth the pain of the labor and lifestyle.

Natty gas bros, we back over $3!

>>53900930
Well i hope so. I work in and have O&G investments. I want it to do well for the next 2 years until election time.

>>52735509
We never left.

Oil chads wont stop winning until 2024 at the minimum. You will pay for high gas prices and you will earn me dividend money.

>>51438756
$120 a barrel again next year. Im thinking of getting some pioneer PXD but not sure yet. Price is up there already but no deals in oil at this point. Everyone knows the deal.

SPR sales will end in Oct. What are we betting will happen to oil? Bidens trying to make a deal with Iran on stuff so maybe they can add supply but not sure I see it happening.

>>49894106
>>49894154
Most operators are profiting at $40-50. This is all just cream on top for them.

>>49390019
>f Big Money players who are looking to short it at some point?
When production start to peak again. Its not high priced until production lowers supply. Its not a stock its a commodity. Right now no one can get casing, and workings going even if they did want to drill. Even OPEC is barely meeting drilling targets because they cant find anything to use to aid in production. Shortage of sand for frac, shortage of steel, and workers too. Production wont be increasing until next year probably and even then its not going anywhere if refineries are at max capacity anyway.

>>49353616
>RIG not so well. I am buying while cheap. Oil prices really need to moon for offshore
Whats going on with offshore anyway? Oil is pretty high but even then isnt it a 10 year kind of thing? Those rigs wont return break even until 10-20 years generally right?
>>49353652
Yeah guess we will see if he finally bends the knees and goes to SA.
>>49353666
I can confirm the backlogs in service companies. Hess, Sinclair, and I think Petro hunt wants to pick up another rig here and cant because they cant find a working rig and find enough rig hands to work it.