Not just the Middle East. But Russia, China and South America can't go much longer at these prices for their economies to keep moving along. Personally I see a turnaround in early '16 once OPEC slashes production (remember they were bent on USA fracking making headway), and have backed up their trucks with cash to capitalize on the 25-50% increase in oil prices
Chazen has always had his eyes on some divestures in the ME, not all but some. Not sure why Iraq was even in play to begin with. Permian is a mint and it's heavily focused on....
Irani was the clown who orchestrated this deal when O&G was flying high......hall couldn't trade a joint to a pot smoker
shipwreck......Can CRC sustain it's business at this rate esp with $40-50 oil.....Far too much overhead and debt at these levels....Somebody will make a play on it's assets and have a fire sale
Experts are never surprised even though Apple crushes it each QTR. Even with lack luster I-watch sales it's other areas -phones, pc's, services destroy the #'s. But don't worry the I-watch will be a huge hit before ya know it - just remember nobody really hooted about its 1st generation I-pod...and look how that turned out....a new product takes time....
Wish I cold have bought much more and much sooner. But it was a choice for my $100K between Apple and Netflix at the time.....I believe I made the right choice but have added to my position of NFLX at 500 and 600....brings me over 400 shares now....looking fwd to the split and right back to 300+....
Calling CRC "worthless" and it's bonds are worth about 23-cents on the $. CRC is losing $ hand over foot. Will CRC restructure it's debt?
Best case is for a Shell or some other to buy it's assets in Elk Hill and Long Beach.
is 40-cents and keep debating on adding more. my co-workers is 92-cents....not sure we'll see anything north of 90-cents this year, but I do see north of 40-cents in 3 months