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The World’s Next Giant Oil Discovery Could Be Here

From oilprice.com

There’s a breaking energy story that could potentially be a repeat of Texas’ multi-billion dollar Midland Basin… A basin that has been producing since the 1930s and won’t reach peak production until 2035 at a phenomenal 3.8 million boe/d … The most trusted name in natural resource assessments—Wood Mackenzie--says this new discovery is analogous not just to the giant Midland, with a development value of $540 billion, but to two other world-class basins. In fact, it could become the biggest stock story of 2021… And the oil and gas rights to the ENTIRE Basin is owned by one small under the radar oil company that is ... (full story)

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  • Category: Fundamental Analysis