Do you feel financing is required prime to a JV deal on their land? Clearly financing will allow them to fully participate in the drilling but then isn't that what the JV is for, to provide some free carry?
Exxon doesn't piece together small pieces. They want one big buy. Problem with Continental is that their Bakken acreage is not great. They hold a million acres but only a small percentage is prime. That is why Whiting is the number one Bakken producer. CLRs prime land is in OK
Just curious on your thoughts on how the bond deal will help smaller companies operating in Argentina in need of financing
If the large increase in imports over this time last year was removed USA petroleum products in inventory would have fallen by over 12 million barrels over the last month.
That is the best indication I can find of what is happening in the US for production vs demand
Refinery input was up by 414,000 bbl per day yet gas and distillate inventory fell by 3.6 million bbl for the week. Total inventory was up but remains totally attributed to the large increase in imports over last year
The question now is do I sell off TPLM Monday or keep and hope they can ride it out. I really do believe a big bump in price of oil is coming. That said i Don't believe it can get much above $65 or $70 as Shale boys will ramp up production quickly.