Freeport is obviously not going to drill and is exiting oil assets.......IMO an additional 13.5 million on top of the 1.5 million deposit already received is coming PVD's way....might even be a bit more if they argue well.......just you wait and see.....
Pvd then looking to use cash to commence a portfolio of producing assets.... Great time to have cash and look for good quality oil assets at cheap prices....I'd say some will get even cheaper still from here.....this crude glut is not over by a long shot......
Move that dirt....
Freeport sells O&G assets, page-3
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