RE: the price of oil! and substantial insider buyi This drop in sp goes well beyond the fall in the price of oil. Despite the fact that the spill costs should largely covered by insurance, cash flow will be impacted, though at this sp we have not seen similar P/CF ratios since the dark days of early 2009 when oil was plummetting to $40 and change. Still feel that with the sp at 25% of NAV and huge undeveloped resources, PCE is a target to be taken out at firesale valuation. Note all the insider purchases on a daily basis. Eventually, the value trap will prove to be a great buy. Hindsight is always 20/20. Take care, WKH