company will be split between the potential growth and the income portion of the business which will allow for a much better divvy return. That type splitting the company is the strong suite for new CEO.
You are a short. No one sees oil down to 65 or 70. Amid tepid global growth, oil is at $105. It is getting harder to produce and China and India, despite the slowdown, are buying cars like crazy. Also, there is only so much in the ground despite the new finds.
I have 12K shares long in PWE and 10K long TLM and sorry, but we will see oil that low in 2015 unless there is something to disrupt supply. Even Kiplinger forecast this. TOO much oil coming on line and efforts to reduce our carbon footprint are taking effect. The Baken, Shale in general, South America, West Africa, the Far East and middle east are all booming and producing. I've been in the business for 35 years, it is coming. And no, I don't want to see it. I'd like to get to B/E on these two and get the hell out.