from a UK board - interesting! -Caza making a profit >
"Hi Indy
Always a pleasure to read your comments, tongue in cheek, or not! You're spot on, when you say that the only certainty for oil price, is the chronic uncertainty! I sense that they will nudge up sooner, rather than later, for the Saudis generally outflank the Americans!
Curiously, I believe that the fall in Brent, and others, in the absence of the usual resultant increasing hydrocarbon consumption, tells me that oil will last considerably longer than previously thought, thus delaying "green" technologies, perhaps for decades to come.
Finally, if a PI, (not you, of course), happened to be looking for a cheap minor oilie, pro tem, they could do far worse than Caza, who have not only declared that they will tone back their multi layered prospecting until oil prices rise, but they have also made clear they COULD and do make a profit, even at these low prices! I think the board have been extremely prudent and brave.
Speak soon, and best wishes."