$MDMP MDM PERMIAN POSITIONS FOR FORCASTED STRENGTH
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Posted On: 10/07/2021 12:47:48 PM
$MDMP MDM PERMIAN POSITIONS FOR FORCASTED STRENGTH IN ENERGY PRICING
https://www.otcmarkets.com/otcapi/company/dns...99/content
Goldman Sachs analysts raised their year-end Brent crude forecast to $90 a barrel from $80, also raising their West Texas Intermediate crude price to $87 a barrel form $77 a barrel. Oil prices surged to a threeyear high early on Monday as fears mounted over global energy shortages. China’s own power shortages have come into focus as production at some factories, including some Apple and Tesla suppliers, has been halted. It also faces a potential crisis with growing power shortages that could hit more factories, homes, and the supply chains. India has been dipping into their strategic oil reserves in an unprecedented attempt to try to lower crude oil prices as energy cost surges across their region.
Morgan Stanley foresees the global oil supply getting tighter, citing an average of 3 million barrels of crude oil per day of inventory draws downs in comparison to a 1.9 million per day drawn down in the proceeding months of the year. These draws downs are high and suggest the market is more undersupplied than generally perceived, “MS analyst, Amy Sergeant said.
MDMP is a small publicly traded company which in the business of drilling low-cost vertical wells, in the prolific “Midland Basin” of Texas. Considered to be an unvalued stock, the Company is staged to be very successful, with the climbing price of oil and gas.
Haynes and Boone, LLP, who has monitored North American oil and gas producers, who have gone into Chapter 11 Bankruptcies since 2015, says over the past six years, there have been 266 oil and gas producers that have gone into bankruptcy, and the majority are unconventional horizontal, (HZ) drillers
MDM has orchestrated the proper ingredients to avoid being a fatal member of the Chapter 11 club by doing the following:
Drilling vertical wells, Conventional zones,
Low -cost driller/producer- LOE’s less than $10. Per barrel,
Developmental programs (Legacy AMI with over 200 data points of wells drilled),
Stacked pays, 5 identified producible zones, over 80M barrels of producible reserves,
Less than $100,000 in company debt.
MDM Permian, Inc. building value in the ground!
https://www.otcmarkets.com/otcapi/company/dns...99/content
Goldman Sachs analysts raised their year-end Brent crude forecast to $90 a barrel from $80, also raising their West Texas Intermediate crude price to $87 a barrel form $77 a barrel. Oil prices surged to a threeyear high early on Monday as fears mounted over global energy shortages. China’s own power shortages have come into focus as production at some factories, including some Apple and Tesla suppliers, has been halted. It also faces a potential crisis with growing power shortages that could hit more factories, homes, and the supply chains. India has been dipping into their strategic oil reserves in an unprecedented attempt to try to lower crude oil prices as energy cost surges across their region.
Morgan Stanley foresees the global oil supply getting tighter, citing an average of 3 million barrels of crude oil per day of inventory draws downs in comparison to a 1.9 million per day drawn down in the proceeding months of the year. These draws downs are high and suggest the market is more undersupplied than generally perceived, “MS analyst, Amy Sergeant said.
MDMP is a small publicly traded company which in the business of drilling low-cost vertical wells, in the prolific “Midland Basin” of Texas. Considered to be an unvalued stock, the Company is staged to be very successful, with the climbing price of oil and gas.
Haynes and Boone, LLP, who has monitored North American oil and gas producers, who have gone into Chapter 11 Bankruptcies since 2015, says over the past six years, there have been 266 oil and gas producers that have gone into bankruptcy, and the majority are unconventional horizontal, (HZ) drillers
MDM has orchestrated the proper ingredients to avoid being a fatal member of the Chapter 11 club by doing the following:
Drilling vertical wells, Conventional zones,
Low -cost driller/producer- LOE’s less than $10. Per barrel,
Developmental programs (Legacy AMI with over 200 data points of wells drilled),
Stacked pays, 5 identified producible zones, over 80M barrels of producible reserves,
Less than $100,000 in company debt.
MDM Permian, Inc. building value in the ground!
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