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Re: tchauncy post# 9290

Friday, 01/29/2016 2:27:34 AM

Friday, January 29, 2016 2:27:34 AM

Post# of 25836
We are all very frustrated here, all these years of waiting with so much potential and nothing to show for as a result. On the contrary, most here are in deep deep red.

Both HENC & TGC PR's indicate they won't budge untill the price recovers somewhat. All analysts point to this 1st 2016 quarter as the low point for oil prices this year. Brent is touching 35$ today so it's starting to look like the low is already behind us.

Looks like all we can do now is wait for oil prices to stabilize. Next to that the rain season ends in April so hopefully we'll see some drilling activity before summer.