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Timothy Smith

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Timothy Smith

Re: kokkomo post# 129

Monday, 05/04/2015 10:43:18 AM

Monday, May 04, 2015 10:43:18 AM

Post# of 884
Whiting Petroleum (NYSE:WLL) plans to keep 11 drilling rigs operating through 2016 but it would begin to add rigs if crude prices rose to $70/bbl, CEO Jim Volker said in recent earnings conference call.

The comments were among the most definitive yet from a leader of a major crude oil producer on the threshold needed to start fresh drilling and curb recent pullbacks that have rocked the oil sector.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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