RE:Dinosaur in the room still at $70Malx,
70 dollar oil is not the end of the world IMO.
Look at Suncor, just hit debt target, 100% FCF goes to shareholders.
Keeping the balance sheet light and fluffy for those lean months filled with $70 WTI
Ditto Gamehost, balance sheet in good shape, ready for lean times.
Funny thing is I have never been bummed by the typical business / commodity cycle, it is all part of the game. The thing that scares me is marxist / corrupt government.
Once the morality declines beyond a certain point, there is little chance for a succesful business cycle. The trick is knowing when to fold and walk away!
Some games are won by not playing :-)
Cheers,
Nukester