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Re: MOMO post# 6910

Wednesday, 04/01/2015 9:34:51 PM

Wednesday, April 01, 2015 9:34:51 PM

Post# of 19309
"with the low cost of oil presently, it makes a great opportunity to get in and exploit smaller oil and gas containing leases at low cost"

I think someone forgot to tell Michael Smith CEO that lower oil prices mean less return on investment, making it MORE difficult, not less difficult, to explore and develop leases. The costs involved must be offset by higher profit margins to make potential exploration/development investments worthwhile. lol Too funny.

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