RE:RE:...Zoolanders21 wrote: If oil gets back to $100/b AND PRE fully replaces the lost Rubiales procution plus some, absolutely!!
Do you really believe PRE needs to go beyond 150,000 boe/d @ $100 oil to get to the $20s? I firmly believe shares would be worth $20 @ 100 WTI + 150,000 boe/d.
I don't expect PRE to replace Rubiales by June 2016, though. I'm hopeful production will be around 125,000 - 130,000 boe/d after losing Rubiales.