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Two Oil Stocks To Watch In 2021 | OilPrice.com


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You won’t find this setup often - or possibly ever: A small-cap explorer sitting on a massive Permian basin that has potential for a major onshore conventional oil discovery. 
And the drill bit just hit the ground in a three-well campaign…
Because it’s a small-cap sitting on such a huge basin (8.5 million acres), its stocks are already soaring in anticipation of the first results, which are soon to be released. 
Drilling started just over a week ago, and already the stock is supercharged, gaining over 100% since January 1st. 
Onshore, there is almost no oil or gas regions left unexplored on land, except in Africa, which remains underexplored.  ....

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Baystreet.ca - Could This Be The Best Way To Play The Oil Rebound?


rocks, formed during the Permian geological period. It’s a 250-mile-wide, 300-mile-long sedimentary basin housing the Midland Basin, the Delaware Basin, and the Central Basin Platform across West Texas and Southeast New Mexico. 
It’s produced 28.9 billion barrels of oil and 75 trillion cubic feet of gas, with no sign of letting up. As of the time of writing, the Permian basin is producing over 4 million barrels per day.
And … it’s analogous to Kavango, the next potentially huge conventional oil discovery that we’re about to find out about in a matter of months. 
A 2021 Oil Frenzy Can Only Happen in Africa ....

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The World's Next Great Onshore Oil Discovery Could Be Here


The World s Next Great Onshore Oil Discovery Could Be Here
FN Media Group Presents Oilprice.com Market Commentary
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LONDON, Jan. 22, 2021 /PRNewswire/  A three-well drill campaign has just been launched by a small-cap explorer in a massive Permian basin that could end up being the next major conventional onshore oil discovery in the world. And everyone s watching as many names in the oil industry and resource assessment gather around Reconnaissance Energy (RECO; RECAF).  Mentioned in today s commentary includes: 
Exxon Mobil Corporation (NYSE: XOM),
Eni S.p.A. (NYSE: E),
Halliburton Company (NYSE: HAL), ....

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