- May 4, 2020
- Posted by: Art Berman
- Category: Presentations
Very interesting. You assume that oil demand will stay at -20% for the rest of 2020. The decrease in global driving is one objective measure supporting such a trend – but this could change quickly. I wonder if there are more objective factors supporting the assumption that oil demand will remain at -20% even in Q4 2020?
EIA forecasts oil demand going back to near 100%( baseline) in Q3, whearas you predict it stays at 80% for Q3 and Q4.
“Haynesville Shale average well EUR since 2015 is 20 bcf; earlier wells averaged 7 bcf.”
“A good example of why investors don’t trust shale companies.”
I seem to remember you making the rounds in 2009/2010 saying that Haynesville wells would never make more than 2.0 bcf and that break-evens were $8.50/mcf. You also intimated that reserve evaluators and analysts were colluding with producers to cover up faulty economics.
Haven’t kept up with your research but wondering at what point you realised you were wrong and they were right?