You need to research the Burlington purchase made by COP a few years back... Mulva paid about 15 bucks per unit and thats' why COP bleeds even though NG is 6 bucks... Another 9 would break even that fiasco.
Finally someone posts about dirty oil and NOT whacko environazi religious bs. Thank you all for actual posts about dirty oil making me money. I give you all thumbs up for effort. Continue to enlighten us on DIRTY oil business.
You are the one uninformed. $15 was the SPOT at the time and COP paid FAR LESS than half that. The greatest value from th BR purchase was the high grade exploration acreage. Forr example, all the CHEAP acreage COP picked up in the Eagle Ford. Few people understand the true dynamics of that deal.