And this to shall pass
But looks like its sure going to hurt for a while, and for the most part we are all in the same boat. But try not feel too bad as Buffet and Bezos are both down 4.4 billion today. I think they will still be able to butter their toast on both sides. In reality how long can Russia and Opec members and the US shale drillers continue pumping at these prices? With our hedges in place and the ability to further cut the divvy and capex I feel we can survive where many others simply will not. Most US shale drillers have been running at a loss and over producing on borrowed money for 10 years. I think that is mostly done especially after today. The companies that can hold on and survive this next year and VET hopefully one of them should emerge these dark days well positioned to prosper once the weaker players fall by the wayside. This virus thing will get sorted , the world economies will bounce back and oil will surge to new hieghts . In the meantime I have lots of dry firewood, lots of my favorite beer in the fridge, and its almost springtime. Gltal