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<blockquote data-quote="raider" data-source="post: 148668" data-attributes="member: 353"><p>the lowest bottom since 2003 was $26.21 on 11 feb of last year... today wti sits at $53.70... i really think we needed this lower period to catch up and cool our jets a bit - take the time to realize that nothing lasts forever, and to build and spend at a reasonable pace for the long term... </p><p></p><p>no tellin where she goes from here, but all indicators point up... it is ramping up and we will b in another worker shortage soon... thankfully we have housing for the help needed this time round, and the infrastructure is vastly improved... </p><p></p><p>realize that the bust was on the drilling and building side... production and maintenance slowed in some cases, but the locals on the drilling side moved over to these 2 segments when the others slowed, and the people who didn't want to live here left... the industry is now big enough to feed itself here... brighter days ahead... </p><p></p><p>$75 and 75 rigs is very attainable and would mean steady double digit growth for decades to come... at that price and pace, we can get it right...</p></blockquote><p></p>
[QUOTE="raider, post: 148668, member: 353"] the lowest bottom since 2003 was $26.21 on 11 feb of last year... today wti sits at $53.70... i really think we needed this lower period to catch up and cool our jets a bit - take the time to realize that nothing lasts forever, and to build and spend at a reasonable pace for the long term... no tellin where she goes from here, but all indicators point up... it is ramping up and we will b in another worker shortage soon... thankfully we have housing for the help needed this time round, and the infrastructure is vastly improved... realize that the bust was on the drilling and building side... production and maintenance slowed in some cases, but the locals on the drilling side moved over to these 2 segments when the others slowed, and the people who didn't want to live here left... the industry is now big enough to feed itself here... brighter days ahead... $75 and 75 rigs is very attainable and would mean steady double digit growth for decades to come... at that price and pace, we can get it right... [/QUOTE]
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