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Re: Traderfan post# 5522

Thursday, 03/22/2012 3:45:35 PM

Thursday, March 22, 2012 3:45:35 PM

Post# of 17809
I think that what DL sees is that oil in the Mississippi Lime is not the same as oil in say, the Canadian Tar Sands. The lime is economical relative to a lot of other plays. It really comes down to extraction costs. Would you rather dig relatively shallow, frac, and exploit the oil, or would you prefer to mine it like the do in Canada? The fact that companies are actually "mininig" for oil (3:1 EROEI) should tell folks all there is to know about the future value of more economical oil plays like SIOR. I guess that's why I don't believe timing is of much concern in the immediate future.
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