Like the article we wrote back in September, US commercial crude storage isn't building during refinery maintenance season.
In our latest outlook, US commercial crude storage could fall to ~405 million bbls by year-end.
What is compelling to us (and maybe others at some point!) is that given the YTD sell-off, even at the current oil price many energy stocks are attractively valued, offering investors free optionality to higher prices. For now, the free cashflow builds and debt continues to fall.
Baytex might just be getting me a new car, lol. Opinions, is this blue sweet, or too bright? Simply like if like it, or comments if like or dislike as well is cool. #oott$BTE
Is Russian production in the past week or so now finally really down 500k-700k barrels per day from what I have been hearing? Who else has read/heard this great news?
@joshyoung@econ_713@HFI_Research#oott
Chinese and European oil demand appears strong to physical traders. Not sure where the paper market traders gets their data. #oottbnnbloomberg.ca/increased-ch…