NSE 0.00% 0.4¢ new standard energy limited

Yep the yanks don't need the Middle East. Europe does as with...

  1. 6,650 Posts.
    Yep the yanks don't need the Middle East.

    Europe does as with China.

    What a mess.

    My view is the Saudi can't do simple maths

    10 million barrels at $100

    Vs

    10 million barrels at $50

    Or wouldn't be better to do

    7.5 million barrels at $100 plus

    Basically excess supply is limited and the terrible decline in shale production will limit the continued growth in USA unconventional production. The USA will end just chasing there tail to keep the production constant.

    As for Nse I can't see a future for the company as it has zero NPV production, huge on going drilling comittments and limited cash resources.

    So I expect the central canning landholdings not to be renewed in May 2015 and for them to take up another play. That could be interesting.
 
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