buy when there is red on the streetscan you say fully subscribed! this is 101 investing. Forent team is ready to rock and accumulate.
Oil prices down 1. supply will tighten up because of reduced drilling and fast decline rates. 2. reduced drilling will lead to reduced drilling costs as drillers compete for the business 3. Low decline resources provide stable foundation for current market conditions and will benefit exponentially from inevitable increase in oil prices. 4. improved technology reducing production costs. 5. CEE opportunities seeking near term qualified projects and we are qualified. 6. consolodations reducing opperating costs while adding to revenue streams. 7. management team with Vison, a plan and, the ability to execute.
In my opinion this is a ground floor opportunity. Risk/ Reward never looked better.