RE:RE:Management Top notch good note.
i appreciate your comment on management-we have to remember that these guys get paid(by and large)regardless so the rep is what keeps them a table at the oilmans club.
i would add that the flow thru money has to be spent but if markets don't improve then maybe the tap stays turned off.there is some thought needed re decline rates here but i digress.
if storage hits the wall and no dirivitive hedge in place then who cares what you have or can buy.
the play just got a lot longer.
no diss on your entry point-too many money men pushing this right now for my liking and makes me think that their agenda doesn't align with theirs(or clients).
the share consolidation is nessecary but with no real catalyst i see some pain there.when some well respected company comes out with an honest to god year-end(or a reserves report that discounts on $60 oil) and no bs forecast the die will be cast.
so i look to get in somewhere round may.
happy hunting