Which companies stand to gain the most from the lifting of the US oil export ban? Small-cap players in Eagle Ford? Is the lifting of the ban enough to lessen the threat of bankruptcy for little debt-heavy companies?
>>1019262 "Oil exploration and production companies that are willing to ship overseas will be the largest beneficiaries of the ban's removal. ConocoPhillips (NYSE: COP) and NuStar Energy LP (NYSE: NS) are slated to complete the loading of the first tanker of freely traded US crude oil on December 31.
The two are not the only ones planning to ramp up exports now that the ban has been lifted, though. Other companies like Enterprise Products Partners LP (NYSE: EPD) are also planning to sell abroad.
However, none of these firms are likely to see a major jump in revenues now that the ban has been removed as demand across the globe remains suppressed."
Wat. Lifting the ban means that there's even more supply to an already oversaturated market.
The Saudis are trying to put competitors out of business and are operating at a loss. Iran is sitting on YUUUUGE reserves of oil and probably wait until the Saudis have to stop dumping or go bankrupt and then fuck them over big time. Especially now that SA killed some kind of Iranian cleric.
Investing in oil right now is not the best idea. Probably not for the next couple of years.
>>1021641 That theory doesn't seem completely fleshed out to me. OPEC is obviously a cartel, Shia Iran and Sunni Saudi Arabia are having a little squabble over Iraq which broke the cartel up, but I think the Shiites are just flipping their shit over the executed cleric, it isn't as significant as they make it out to be, it doesn't change much.
I think oil is close to rock bottom after a year of happenings and drama and Yellen finally raising rates.
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