Majors to TARGET LFD....Hello Everyone,
The new Seismic report should be out shortly, hopefully this week or next.
With 7 billion barrels of oil 41 API to go up substantianlly to 13 billion barrels of oil at P(10), you can bet that MAJORS with new IRAQ-KURDS law recognizing contract will rush into a bidding war for LFD. LFD will be the only oil PRODUCER this year with commerical oil, sitting on 13 billion barrels of oil.
Can you say $$$$$. Soros will spread the word to MAJORS whom need the supply.
We have begun as I predicted our 6th leg of this rally that will now take us to 58 cent level for now, then a minor pullback before we roar ahead again.
JMHO