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Prince Abdulaziz, Saudi Vice Oil Minister, delivered a speech today to energy ministers in Doha. This article addresses what we have been saying all along. Price cutbacks will allow oil prices to surge.
The opportune time to invest in oil and gas is when you get a good price for the asset being purchased. The same is true for many, if not all, other industries. Oil prices will go up and we will have purchased (at least for Redhawk Resources - Fund III) an asset at $45/barrel oil. For each dollar that oil climbs this is, simply put, money in our pockets.
Click the link to be taken to the article on Prince Abdulaziz's speech today:
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