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Re: Sheepdog post# 98655

Sunday, 12/20/2015 10:29:42 AM

Sunday, December 20, 2015 10:29:42 AM

Post# of 112299
Probably we will see again highest oil prices somewhere in the future. This is very predictive. And we will see prices higher than the ATH. The question is, when, and I would guess within a period of one or two years, we'll see a turnaround. But the question, when BAYP becomes profitable depends not only on the oil price and their trading margins, but mainly also when the cost barrier is broken at BAYP, which will depend on individual reasons, e.g. what and how much they have spend money on the wells or interest in them.