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Re: duelittle2 post# 41008

Saturday, 10/25/2008 12:44:17 PM

Saturday, October 25, 2008 12:44:17 PM

Post# of 51429
Most of us have had this in our minds for a long time. We bought, knowing Hemi was debt free, and Keith wanted to keep it that way. We are so much better off than most of them. We have capital to keep drilling, we have a lot of oil wells that produce smaller amounts, but are consistent. Enough to keep us going, even at the lower oil per barrel. As I have said before, we bought in when it was between 40-50 dollars a barrel. I think some got carried away with the 100-140 pbp. it is going to fluctuate, but i don't see it ever getting below 50 again. No matter how low the economy gets. We still need it, and they are going to short us to keep the price up. I believe we are in a temporary downfall, may take 6-12 months to get it going. .





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