so long as you are discussing macro industry devel Included in the discussion should be the rather large JV arrangments major independent O&G Producers have made here in Canada and the United states whereby they are continuing to drill with Foreign Nat Co. money in order to 1.) preserve Leases 2. ) continue to prove up reserves. 3. ) expand into other/new economic plays. production drops are definitely good news...lower injection numbers good news... just bear in mind that there is a considerable back log of wells behind the pipe ...and that many of the current JV agreements in place are going to be drilling regardless of commodity prices for at least the next 3-5 years.
Just sayin' I like the rise in price... is it sustainable? only time will tell. GLTA