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wshaw14

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wshaw14

Re: 7fkQUBWZnw post# 2032

Wednesday, 11/04/2015 1:24:04 AM

Wednesday, November 04, 2015 1:24:04 AM

Post# of 2595
No. The price of oil needs to change. Until that changes, there will be no further expansion and of course one well may pay the bills, but will not make a profit. DWOG is in a very good position to wait out the price environment though. They are fully carried and even have about 2/3 of their overhead covered by the joint venture partner.

Until the price of oil goes back up, we are in a holding pattern and not many "investors" are hip to having their money tied up. The ones that dont mind will be the ones that gain the most IMHO.
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