Picasso
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Picasso2 - The infrastructure losses of the Texas shale industry are currently underestimated. I think that most of the pipelines will require significant time-consuming repairs. In addition, an idle shale well will negatively affect the subsequent commissioning, a sharp loss of flow rate. As a result, the recovery of production to the level of 11M+ will take months. I expect to see a target of $80 (brent) in March-April 2021.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.