We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrichthe conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
if you dont have a position right now u are the real winner u can sell at 100 or buy at 60 which ever way it goes patience will give u a fortune .. you either wait for the right price or u will have to wait for ur floating losses to return
that's a good question. I think it will go up above 75. TG said maybe 75.70 so... You know there will be a meeting (OPEC) tomorrow but it is not as important as the June one.
Wow congratulations to all bulls... Am out from all LP positions after reaching today’s target... now considering switch sides.... wait n watch mode activated... bulls may go for another milestone at 75.70...then I will turn on my bear mode... till then good luck to all
Tor, production cost if you exclude sismic and exploration I agree with you. But if you include all definitely way above in barrent sea. Of course exploration of this mature field where done so Long ago. But if you take a new project and compute all- you will be way above in barrent sea.
NLFO yes in new projects front end cost is always high but when fields come into production it recovers cost soon on plateau period... overall total cost is calculated on field life including reserves. If you look into well cost in exploration it’s high but objective it’s to prove reserves.. once field comes into production then cost recovers... all the major investment decisions based on initial reserves but with time n technology advancement cost reduces in most cases..
All depends where u drill - basement drilling in Vietnam is costing 57 usd - harsh environment the n Australia is 60- egypt gulf of Suez is 24 - land ops Saudi is 17- deepwater offshore in Norway is 73. That’s if you include explo and as average
I have completed my meeting with my team over there. We are a drilling contractor company and the purpose of the meeting was: how do we prepare for the upturn and the oil at 100 usd by end of the year. I’m working for offshore driller for 22 years now. I have seen downturn and upturn cycle but this 2014-2018 is the worst ever. Oil company has cut too Low on exploration. Even if USA stop to be an importer it is too depleted. Even when barrels will reach 80 usd early May the price will be ridiculously Low. The welcome correction is fortunately ahead of us. As per normal oil cycle the more the downturn was the more the upturn will. So the barrel is so on the steady increase pattern until q 1 2019 where it will stabilised back to an healthy 110 usd.
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see
any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
