KI4MVP
formerly LJ4MVP
- Joined
- Jun 30, 2005
- Messages
- 31,326
- Reaction score
- 41,544
- Points
- 148
There’s some seriously bearish sentiment on the future of oil right now with defaults already starting and banks seizing assets. From what I’ve read starting and stopping drilling is an extremely expensive endeavor so a lot of these companies are willing to sell at a massive loss to try to weather the storm because of how expensive it is to stop drilling
certainly can't cost anything to stop drilling new wells - this article is from November
Alberta allows producers to drill new conventional oil wells without production limits | Globalnews.ca
Just in time for the winter drilling season, the Alberta government is hoping to boost the economy by allowing new oil wells to be drilled.
globalnews.ca