Pioneer Natural CEO tells us oil likely $100-$150/barrel for most of next coming years on China demand, lack of spare OPEC production and declining growth rates in Permian.
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2024 the bottom will fall out again, when production opens back up ….China is buying from Russia…hold on helps on the way 🛢🛢
After careful analysis, I'm now predicting $169.
Not going to happen
Yes he's a genius he knows it all he has the millions of data poitns aligned in his head. Lol the guy is blowing smoke to get his stock price to go up.
I can't tell you how many times in my life I've heard oil is going to $300/bbl and it never did. No one has any idea what commodities or stocks will do definitively.
- In your dreams
That nameless CEO guy's a genius btw. Brilliant man. Big company.
I have been in the industry so long that I wish I had a $1000 bucks for every bo-m. Yes, it looks like it might happen again; but, in the end, as events balance out the price will deflate. Still, I have been successful in riding the industry as a petroleum surfer for many years. Ha!
What difference make? The record profits will go 1) to executives, 2) to shareholders, 3) to hi-pos.
You will continue getting treated like $h1tt, getting below inflation raises, and PIPed as always.
Cool story bro...
Agee we going supply short. Maybe for good