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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@nicholaslepanEgypt this year has seen a slate of reforms that saw the country open up its mining concessions and floating its currency, next up appears to be attracting oil explorers and investment in light of the recent discovery of ENI's giant Zohr gas discovery. BP, which has been present in Egypt for half a century, last year bought a 10 percent stake in Zohr from ENI. It has also been actively snapping up license blocks in Egypt's recent exploration rounds. #Egypt#oil#energyhttp://www.reuters.com/article/us-edison-egypt-gas-idUSKBN15T2F3
@barracuda@Leon Gasoline exports from USGC are because of Eagle Ford and Permian production. This production is pipelined to the US Gulf refiners. Also a lot of this crude is being directly transshipped to Canada for refining. The US crude going to Canada is refined in Canada and then sent to US East Coast markets.
@BSMany investors still expect #oil to go back up to the levels of a few years ago. Not going to happen, there's so much oil in storage around the world, it's not a simple question of supply & demand anymore. Middle Eastern oil states are investing heavily in renewables, something they didn't even look at 5 years ago. Plenty of writing on the wall. Barring a big war, oil is staying where it is. Or price is going lower, if anything.
@nicholaslepanGoldman Sachs expects global crude #oil inventories to keep falling due to production cuts and strong growth in demand, although stocks are likely to rise in the United States. The bank reiterated its forecast for Brent and U.S. crude prices to rise to $59 and $57.50 per barrel respectively in the second quarter, before dropping to $57 and $55 for the rest of 2017. http://www.reuters.com/article/us-research-crude-goldman-idUSKBN1610IS