LOL Good luck with that Gus it's been going on for about 18months now and still new theories still continue to emerge, it seems were just warming up...
With regards to the price of oil touching $70 , unfortunately it has very little relevance to FAR at this stage other than valuation for Corporate activity, we are not a producer and we don't know what the price will be going forward...below is a snip from the article I've included...if anywhere near correct then it has big implications for FAR going forward ...like PE we Dont know what the outcome will be, supply and demand rule .
"Halliburton, the world's largest hydraulic fracturing serviceprovider, reiterated the IEA's forecast last summer at the World Petroleum Congress in Istanbul.
Mark Richard, a Senior Vice President with the company, said that the $2 trillion in spending cuts in the global oil industry over the past few years would impact the price of oil around 2020. Richard added, " Sooner or later, the market is going to catch up. You’ll see some kind of spike in the price of oil. Maybe somewhere around 2020-2021, but it’s got to catch up sooner or later."
When oil becomes the new market darling once again in the commodities sector, replacing the current fads such as Lithium, Cobalt, Zinc, Vanadium,graphite etc then the money and sentiment will move FAR's way..IMO the odds are good on that happening but the timing is uncertain....in the meantime we have A2 ahead of us...
https://www.forbes.com/sites/rrapie...sleepwalking-into-an-oil-crisis/#2a16b31b44cf
Cheers Whisky
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