I'm thinking SD is going to show pretty healthy 1Q and 2Q results owing to the value of hedging contracts. But after that I'm worried things will unravel without a serious rebound in oil,
We have the Obama administration that seems almost hostile toward domestic energy production. Add to that if the administration gets it's way with whitewashing over Iran's nuclear ambitions by hanging smiley face signs on the doors of their bomb factories, then we will see Iranian oil hit the market without sanctions.
I just don't see any reason to think oil is going to be back where SD needs it ($70 plus?) any time soon.
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