FDM 0.00% 1.1¢ freedom oil and gas ltd

Following news of the Wells Fargo debt facility, it is...

  1. 3,147 Posts.
    Following news of the Wells Fargo debt facility, it is interesting to read anything where WF analysts are quoted.  Nothing earth shattering but in yesterday's AFR an article on oil contained this quote from WF:

    "Marginal producers in less profitable US shale areas, as well as countries from Iran to Russia and operations from Canada to Norway, will see the knife sooner, according to analyses by Wells Fargo and IHS"

    Now given MAD are looking for acquisitions and WF are commenting "will see the knife sooner" it makes for interesting reading.  For me it confirms what many on here will suspect, Yeager and WF could foresee the oil price squeeze and speculated there will be bargains in the coming months as marginal producers are pushed to the limit.

    http://www.copyright link/p/world/opec_oil_gusher_to_hit_marginal_QCyEvEfPY64tZhc7nkumjN
 
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