VIRGINIA HILLS OIL CORP VFGGF

With Crude @ $50.00 A Barrel

[bargnhillbilly]

I don't look for many of these small oil companies to survive. Yes, Bigger companies may swallow them up but it is sink or swim time for these small ones and the big fish know they have the upper hand. It's either buy them up for pennies on the dollar or go bankrupt. Neither a good choice for Pinecrest and small ones like it. It's not a time to BUY MORE as some here have mentioned. Unless you want to lose more. Final thought, It might be a good time to invest in some of the big fish that will survive but which companies will that be? All just my opinion. GLTA

[nikehercules]

I'm not the only one to visit this gravesite: Here's what I wrote on the MEG board: Thanks - had gone up too far, too fast and WTI was still dripping down. Without a signficant reduction in US rig counts I wouldn't hold onto any long position in oil. I'm willing to bet the Saudi's are not going to back down. It will take some time for the rig count to drop, hedges to expire