On top of the capex cuts, the DUC's need 70% of the total well costs to be spent , in order that hey can start production. I doubt if banks will be queuing up to lend oil producers the money they need.
Cramer, the TV midget, is also an idiot. Best to do the opposite of what he recommends, as he is more often wrong than right. As to the professionalizm of his "the street" they recommended to but AMID at its $10 level. Unfortunately AMID had been near $12 for a week before the article.
I will certainly look at buying when the Q2 results are released. They should be awful, with the low crack spreads this Q and the writeoff of the ND refinery. However going forward , it is doubfull crack spreads will get any worse with more Canadian oil in the mix. I am banking on a sharp drop with announcement of the results and will then buy.
Do you get investment tips from the bible? If so, it will be interesting for us , if you share your portfolio with us.
We will have to wait and see. With PWE having sold its high production cost assets, and their plans to start more drilling on the remaining land , it may take 9 months, for clarity on this figure.
He has Palin, part of the GOP intelligentsia . Who could ask for more?
I bought 10000 shares this month after the re organization. I feel there is now great potential in this upstream company and intend to hold well into 2017. Oil should go higher with balanced production/ consumption becoming a reality.
Sentiment: Strong Buy
Biggus diggus, ( acknowledgement to monty python), are you a product of a inner city school? Looks like it from the quality of your choice of words.
Craig, I am a frequent visitor to the states . Please answer one question that I have. Why are you happy with a congress that is bought by corporations, and countries ( via AIPAC). Don't you think congress should work for the citizens, rather than their puppet masters?
Craig, read your question again. If you think it can be answered in a couple of sentences you are wrong. I am also not prepared to write an essay to satisfy your foolish question.
What we need is a less corrupt gov. The U.S. has no influence on us besides trade. Our trade with China is greater. More enlightened than the U.S. citizenry,; you got that right. Obviously there are a very few exceptions to that statement.i speak 3 languages, how many do you speak.