US onshore oil drilling Loading... : Investor Sentiment and Bull/Bear Views
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14:00
Jan 11
Jan 11
US onshore and Guyana oil beat Venezuela.
The speaker argues it makes far more sense for oil companies to invest in drilling onshore in the United States or in Guyana than in Venezuela, because Guyana's extraction costs are near $35/bbl, the rule of law is more predictable, and its offshore sector is rapidly expanding. This is a relative preference for non-Venezuela oil development.
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About US onshore oil drilling Investor Commentary
Across the available history and selected sources, Buzzberg tracks US onshore oil drilling across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Patrick Boyle.