RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Braincloud2014 Capex was 291 mill 2015 was 153 mill Brent 2014 avg 98.91 2015 53.46 it follows that net income would fall $128 mill to a loss of $3 mill. CFPS dropped from $1.07 to 0.57. There's no mystery here. Oil went down faster than they could suck back capex. Next year capex is projected to be $65 million but that also includes some drilling. They could cut the capex down to $25 million if they needed to to preserve cash. As it stands currently they have $65 million . I suspect that if they cut the capex down to bare bones that they would be pretty close to break even . As it stands currently with a $65 million capex they could lose around .10 per share. Throw all that out the window if oil takes a turn dramatically up or down. Up and there's no problem. They have become very efficient in their costs and profit will ramp up dramatically. Down and its time to revisit their spending. EOR has also helped contributed to 15% of production and their hedge for 2016 has another 25% of their production covered up to about $54. So frankly it just comes down to oil and where it goes.