GREY:TBTEF - Post by User
Comment by
Papagalloon Jul 08, 2015 4:51pm
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Post# 23904775
RE:Afterthoughts
RE:AfterthoughtsIf T. Boone Pickens is right you will get your $1.50 back and then some. Oil is like blood or oxygen. The body needs it to function. The oversupply issue is nonsensical and will drive marginal producers out as we are seeing with recent M&A. Rigs will continue to fall until supply meets demand...there will also be a risk of undersupply and political risk not remotely priced in.