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fingolf

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fingolf

Re: tchauncy post# 9424

Wednesday, 05/04/2016 10:14:04 AM

Wednesday, May 04, 2016 10:14:04 AM

Post# of 25831
interesting and thanks for the update.

A few points....

Fourth partner = dilution for HENC holders --- why would you average down at this point? it can only go lower.

Logic re not drilling:

If you assume that oil prices will NEVER recover....DON'T DRILL.

If you assume that prices WILL recover....DRILL BEFORE THE RIG COSTS JUMP!

it's that freakin' simple.
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