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To: thackney

The key word is “eventually”.

History shows otherwise for companies with the financial wherewithal to take the downturns and to snap up reserves cheap via purchase rather than the drillbit.

My BD experience shows a pletHora of companies that utilize that strategy and it works.

If you are implying the downturn will never reverse, that is just flat wrong, as proven by history.

Your comments are most pertinent for some companies, but not all.


69 posted on 12/20/2014 9:54:54 AM PST by bestintxas (Every time a RINO is defeated a Founding Father gets his wings.)
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To: bestintxas

If you are implying the downturn will never reverse, that is just flat wrong, as proven by history.

- - - - - -

Oh heck no. I’m must be speaking poorly. I know the roller coaster ride will continue.


70 posted on 12/22/2014 4:40:07 AM PST by thackney (life is fragile, handle with prayer.)
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