GREY:ROAOF - Post by User
Post by
Dickleson Nov 27, 2008 11:00pm
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Post# 15615701
Vultures waiting?
Vultures waiting?Hedge fund shorting should be gone by Dec.
Hopefully Oil can get funding or else this may be $6 takeout or less
I don't believe so
This is a great asset, somebody is going to pick it up
I would wait until at least Jan for a take out
Anyone would be stupid to show interest now when they can wait and pick it up at bargain basement prices
But all you need is 2 interested buyers and we have a chance
Good Luck
Interesting Info:
As per Bank of Kuwait; 2008/01/05 break even prices for major oil producing nations;
Bahrain 40 USD/Barrel
Kuwait 17
Saudi Arabia 30
U.A.E. 25
Oman 40
Qatar 30
Canada Oil Sands 33