Hey you must be the guy I am looking for. I have some wetlands on Sanibel Island that Florida won't let be build on but with all of your connections they would probably look the other way. I am only asking $950K.
All it will take is an "Arab Spring" in Saudi Arabia and indications are that it is going to happen. JMO based on what I read in various news letters.
That makes sense, buying CHK doesn't make sense, far to many regulatory hurdles.
gar, the Swiss Franc move has caused a lot of turmoil in the financial markets as you so aptly point out. But that has a very large affect on the price of oil as well. The derivative instruments used by the BANKSTERS are in chaos. I read the other day that if you take the derivatives out of the price of oil right now, the true price of a barrel is between $65.00 and $69.00.
In business it is unfortunate that decisions have to be made to shut things down and lay workers off. The reality of doing so assures that the business continues to operate and offers hope that things will correct and all individuals who lost their job might return.
billy, you are absolutely right about the geo political issues!
gar, I don't see an announcement any time soon. Saudis and Kuwait have both spoken in the last few days and reiterated that they have no plans to cut production.
Yeah Dan, a disgruntled shareholder was walking in the woods and stepped on a loose rock and out from under it crawled a troll with an attache case and he hired him. Go figure!
You are correct, that is a serious business consideration. I think a number of producers are evaluating each of their fields and each well to determine which to shut down.
gar4one, I think we will see layoffs in all areas that it costs more to produce than just let it sit idle until this so called glut has evaporated.