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To: American Constitutionalist
How much will it help finanacially the smaller, weaker, companies that are hurting more from the lower oil prices with the these other larger or more finanacialy stable companies with these fire sale assets that they can buy at a discount ?

I don't see it helping the ones that are financially smaller and weaker. They will be the ones selling at a reduced price to pay off their oversized debt.

It will be those that are stronger with better cash positions that will mostly buy in at reduced prices.

In the long run, the wells don't get shut down, the names on the front gate change.

31 posted on 11/21/2014 9:05:03 AM PST by thackney (life is fragile, handle with prayer.)
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To: thackney

You got that right, no point of shutting down a well that already producing, profitable, and the money has already been sunk into.


34 posted on 11/21/2014 9:25:51 AM PST by American Constitutionalist (The Keystone Pipeline Project : build it already Congress !)
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