Oil up over $50, page-14

Plugged, great to hear from you. I completely agree. I think that's exactly what they have planned. They have form. But they will also be a bit limited this time around as I suspect the shalers will bring production back fast - but not as fast as they'd like as the tap of cheap junkbond finance has been turned off and the lenders are currently learning a painful lesson. Much of the shale oil revolution has been financed unsustainably (which is a story missed by much of the writing). But that's another story. Anyway, am still buying the dips but suspect the best buying has past. Not to worry. Early retirement still looking good.. I'm thinking the latter part of this year is looking great. H1 will see some tentative M&A (seeing some already). Inevitably that will feed on itself into something more meaningful. A good outcome at Buried Hill and it's all on.