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Re: GitrMan post# 433

Tuesday, 08/09/2016 11:47:06 AM

Tuesday, August 09, 2016 11:47:06 AM

Post# of 3694
re: "I am also curious at what price of oil will they shut down their operations again."

They shut production down early this spring when oil went below $40. Not a good testament, when you consider potential customers would be evaluating how well MCW performed during the oil crunch.
If they would have been able to keep the plant running...even at a slight net gain, that would have been the best validation of their technology.

MANY conventional oil companies could still make a slight overall profit during that time..... something to be concerned about.