Brian and the board have decided to stick to conservative wording and reduce the expectations of share buy backs. That is the last thing he wants to do. He rather spend the funds on acquisitions . They will be mentioning their goal is to reduce debt but also keep options open for potential take overs in their key drilling areas. 


Our firm continues to see downside with TVE. Adding shorts and covering near $3.00. More supply coming to market and expect WTI to trend lower towards $70 in the coming months.