RE:Rise in price of oil ....
this whole opec production cap thing is a bit of a joke. they want to cap at their max production limits so whether they cap or not makes no difference at all to their production, they will produce at max no matter what, so basically it's just all noise and gives the media something to yap about.
oil will eventually balance out but will not rise to levels some on here seem to think imho. as soon as it gets over 50 the profitable companies start their hedging again. the latest run up to 50 was mostly short covering as these traders switched to their (for the next wee anyways,lol) long oil positions.
unfortunately I don't see oil at a level where pofs can agressively pay down debt and explore for or buy meaningful reserves to make pofs worth anyones while to consider a takeover. decline rates will come quickly if they produce stella at their max production imho (30kboed, 16 net to iae) remember what was said about athena and all the hype behind that field, we all know what happened there.
pofs s/p is behaving quite badly considering the sentiment towards poo going forward
question for the hyped up pumpers on here, why the faack are no insiders buying with their own personal loot and haven't since one single buy in may, (not including co. purchase plan or lee buying with investment money, not his, from another firm he runs). you see insider buying on many cheap energy companies that are undervalued and the management supports the stock, but not this pofs????