Should I just let go?, page-7

according to them 30 per barrel is economical as they are heading for low cost drilling, so better wait n see...oil price may hover around 30 for a while but definitely won't stay there for ever, it has to move up...countries like venezuela, iran, iraq and even saudi having pressure on their budget; saudi can hang on but others can't sooner or later they have to cut the production. if the poo goes up, then as they said 30 is economical, you can then see the profit margin; all we need at the moment is cut costs and management is doing that very well at this stage when compared to the other oil companies (which hold more assets than us). look at the other oil companies which are well over 10, 20 30 cents are now at 4cents...