GREY:WFREF - Post by User
Comment by
wilwalon May 29, 2015 9:10pm
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Post# 23780100
RE:RE:RE:RE:RE:RE:RE:RE:WTF
RE:RE:RE:RE:RE:RE:RE:RE:WTFAwesome to get an intelligent post on this board iwpete. They are few and far between here.
It will get all sorted out around $70-75 and will likely decline as shale gets more efficient. That's why conventional companies like LRE have to get tough: get rid of debt and put the screws to cost.
With no action here, we are headed for .50 and will stay there until management wakes up that the oil world has changed and they must change too. Just look at the debs: at $60 it speaks volumes.