RE:RE:Market feelingsIt sure sucks. I gotta hang in there as well. Curious how it will play out if Tullow at these prices does attract a bid. Who would buy them and how would this affect AOI. Like you skier, AOI on these shares is the end game.
What I can't fathom is that all these oil producing nations will just let the slide happen. I know that the Saudis don't want to cut but why would they. Russia and US need to come to the table as well for an across the board cut. The US is so arrogant that they feel they don't need to cut. Increase production but expect everyone else to cut back. Saudis can win any price war so I am not sure what they are all thinking. Oil will continue to drop. Many companies will bankrupt and then oil will spike again. Crazy and stupid.