Callon Petroleum (CPE)

[catdaddyrt]

Not surprised to see Saudi leading the charge as I said they have never be our ally/friend.Sounds like Iraq,Iran, Venezuela and some others are not really on board with the Saudi's they have higher production costs than Saudi.We are exporting only around 9mm bbls per day out of the U.S. Russia will crumble with a lot of debt ridden smaller producers if we stay 75 or below for an extended time. Also some of the OPEC Countries I listed above will be hurt badly as they need 90-100 dollar oil too-I can't see Libya and the others holding the deal with Saudi for any length of time. Will be interesting to see if OPEC can keep from breaking down.