$25.......do you expect the world to stop driving cars, tractors, producing plastics etc etc??????........as it is exploration and investment in new oil sources is crashing..yet consumption continues at near record levels.....if (on the remote possibility) it did go to $25 it would be unlikely to stay there for long and expect it to be followed by incredibly high prices when production declines lead to supply not meeting demand......Of course maybe the world as we know it will end, in which case the cash you hold will be good for nothing except wiping your but.......of course even if the world does not end your cash may be worth very little if they fire up the printing presses......
$25....And yes, ELK would be viable...in a very marginal ugly kind of way....Reworking old oil fields is significantly cheaper than finding and developing deep offshore oil fields, tar sands,ethanol etc etc..
And Andy it doesnt look good if you are asking H/C posters advice on how to run ELK......maybe next time it might be better to give me a call.....say can we go 50/50 in those options?????
Cheers
ELK Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
