RE:CAPEX...At $70 WTI, GXE will have 18% FCF. (FFO - Maint Cap, ARO = FCF).
Mgmt has already stated they will adjust CF as necessary depending on revenues.
ABS, King of SA states that the physical and financial oil markets will start to close the gap between them in the next month or two. The cunning SPR ploy is in for some fun with a medieval, western educated, absolute monarch who kills those individuals that displease him. Who will blink? The touchy king or the pasty faced ancient who trips over his own feet?
Thanks for all the great posts.