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bdahl385

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bdahl385

Re: REAZO post# 40232

Monday, 10/06/2008 12:21:39 PM

Monday, October 06, 2008 12:21:39 PM

Post# of 51429
I am afraid some of their plans was based on oil selling for >$120 a bbl, not the sub $90 stuff we have now. NG prices are way lower too, below the price where the shale gas players can even break even. Hope KAA pulled the trigger and sold some of that "tanked oil" he PR'd a while back waiting for higher prices....

Until the world economic situation gets some kind of a floor built up, energy is in a steady price down turn and will not bode well for producers...
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