Two Interesting headlines1) OPEC has issued another statement this morning, below, to try to stop the drop. Are they getting worried?
"Oil prices turn positive as OPEC secretary general calls bottom to market.
Right now, oil is down 22¢ at 45.37.
2) ARX, along with other oil companies are facing a cash squeeze at these unsustaneable oil prices.
"ARC Resources Ltd. Announces the Closing of Bought Deal Financing"
Is a share issue also in COS' future, say early March.
Namsoc