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Jaxon2010

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Jaxon2010

Re: Nebuchadnezzar post# 44448

Monday, 01/12/2015 8:58:39 AM

Monday, January 12, 2015 8:58:39 AM

Post# of 47295
Hey Neb,

Don't know if it makes any difference but most US fracking is financed by junk bonds. For most of these companies $55 per barrel is the lowest break even price. Permit applications are down. Lay offs are rising and wells are being capped.

Not looking good because I agree with you on the prices.

GLTY bud!

" A rich man is not the one with the most! He is the one that needs the least!"

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