RE:RE:NOT LOOKING GOOD...gvfsdgbfsdgbfsa wrote: Yes, I believe it wil get worse over the next 2-3 months which is a very short timeline. Will we see $20 oil is anybody's guess, but COS can handle this deficiency with the LOC. I think prices will then firm and start to rise. Not a meteoric rise but a gradual rise ending the year in $60-75 US range. I can wait. The lower cost structure will generate great returns in the future.
You sure about that? Oil could stay depressed all the way till 2022 when we may see $80 again! Not good for COS since it will be gone by then!