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<blockquote data-quote="Allen" data-source="post: 435512" data-attributes="member: 389">Many U.S. based oil companies profess to have a break-even point in $50-55 range (I don't think their stock prices support that position).&nbsp; Only a significant leap in technology will improve this.&nbsp; Most of the Bakken, and a good share of the Permian premium sites have already been drilled. This suggests that going forward without a leap in technology will drive that break-even point higher.I follow quite a few oil stocks and again, most of the CEOs are saying they will not participate in a &quot;drill baby drill&quot; strategy that bankrupted so many during the last DJT administration.&nbsp; I think they'd rather keep their jobs this time around.&nbsp; Again, most of the non-Exxons of the world took on a lot of debt to avoid bankruptcy during the last DJT term in office, and I don't think many of them have gotten their balance sheets back in sound financial shape.&nbsp; FWIW, if you follow oil prices, you will note Brent crude today is around $78.50, WTI is around $68.80, and Bakken sweet crude is around $58.50 due to quality and transport.&nbsp; I wouldn't bet on ND producers significantly upping their production with the current discount and price forecasts for 2025.</blockquote>

[QUOTE="Allen, post: 435512, member: 389"] Many U.S. based oil companies profess to have a break-even point in $50-55 range (I don't think their stock prices support that position). Only a significant leap in technology will improve this. Most of the Bakken, and a good share of the Permian premium sites have already been drilled. This suggests that going forward without a leap in technology will drive that break-even point higher. I follow quite a few oil stocks and again, most of the CEOs are saying they will not participate in a "drill baby drill" strategy that bankrupted so many during the last DJT administration. I think they'd rather keep their jobs this time around. Again, most of the non-Exxons of the world took on a lot of debt to avoid bankruptcy during the last DJT term in office, and I don't think many of them have gotten their balance sheets back in sound financial shape. FWIW, if you follow oil prices, you will note Brent crude today is around $78.50, WTI is around $68.80, and Bakken sweet crude is around $58.50 due to quality and transport. I wouldn't bet on ND producers significantly upping their production with the current discount and price forecasts for 2025. [/QUOTE]

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