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Drill Baby

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Drill Baby

Re: None

Friday, 03/04/2016 12:22:57 PM

Friday, March 04, 2016 12:22:57 PM

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Many small oil companies can no longer get extensions on their LOC. They have been producing oil at a loss and many have just given up - increasing the decline rate of oil in the US. This is what is fueling oil price. Huge oil fields in Texas and Oklahoma have been shut-in.

My guess oil price will increase to the $45-$50/bo. Too much production comes online after $50.

CRC will increase to $5-$7 per share.
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