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  • raysw55 raysw55 Jan 31, 2013 11:48 PM Flag

    Today = BIGGEST ONE DAY DROP IN 2 YEARS

    Agree this is probably a good time to buy. BUT I have got to wonder if the asset sales have gone to deep. Their production is down because they are selling assets that are producing $100 barrel oil? Where do they expect the revenue to come from? All I see is them getting OUT of production. I don't see them getting INTO any production.

    Sounds like they are still implementing Mulva's "death spiral".

    Bet they would like to have the downstream side back.

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