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Thursday, November 12, 2015 11:39:13 AM
Instead, Hamm and others like EOG, became more efficient, drove down drilling costs and kept producing.. This is why there's such a glut of oil on the world markets and prices at historical lows..
But, Saudis can't keep the well heads wide open for much longer without severely damaging their own regime's, not to mention other competing OPEC CARTELS in member states.. Look for oil prices to rebound early next year when OPEC meets to force Saudis to cut back production.. Therefore: Lots to like in black gold sector, as it's strategic geo-political motivator's are constantly changing..
IMO, WTXR board appointment of Gordon is intriguing considering their attractive pps.. The possibilities could get very interesting including a possible RM and a ticker change for BYSD.. Just thinking outside the box..
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