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To: aimhigh

Good luck on that one !


3 posted on 04/23/2015 10:53:30 AM PDT by bananaman22
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To: bananaman22

This is a great time for the majors to buy up uneconomical production at firesale prices. If you have deep pockets like Exxon, Chevron, Shell etc. this is an opprotunity. If you do not have deep pockets you are selling your undervalued assets to Exxon, Chevron, Shell etc. because you are now broke.

Before I left the oilfield I went through two of these boom and bust cycles. That is the way it works.


4 posted on 04/23/2015 11:56:46 AM PDT by cpdiii
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