Thanks Yello for that most informative answer to my question about OWC. I even understood it.
Nice bounce in OP last night. We might test .10 on Monday. Traders will probably jump in and push it up on people's fears of missing oil's rebound. Not that I think the OP is on its way back up yet. Did you notice that whilst COP has slashed shale rig numbers, it said 2015 production would increase ... but all in the first half, with decline thereafter. And therein lies the source of the real rebound when it comes.
Rightly or wrongly, the OP has weighed heavily on our price, so logically it should work for us when it rises, even temporarily as overnight.
OOO
Ann: Quarterly Activities Report, page-40
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