GREY:CHTYF - Post by User
Post by
naga00on Nov 24, 2014 11:09pm
320 Views
Post# 23160510
see little reason to buy heavy oil assets unless .05 on the
see little reason to buy heavy oil assets unless .05 on the dollar. From their drilling mode and there is a reduction of drilling for heavy oil. See little reason to buy or acquire unless for pennies on the dollar. The oil complex has enough issue- Richard is a smart guy and the operations are full throttle - he will not attempt to buy Palliser. Maybe with a little luck we will get an OPEC reduction- on the wire Libya, Iran and Iraq will not have to reduce- so things are looking up for a reduction of 1 million to 1.5 million per day. Even Russia is in talks-- I think most realize that this heavy pumping is not going to help the cause.