Skitzo, just imagine the complexities of running a business where your main commodity goes from $140US+/BOO to $35USBOO in the space of a few months. Judas Priest....that's a pretty tough situation. And now we are back at over $50US a BOO, and probably that is starting to look like the bottom line, havng overshot to the downside. The fundamentals look ok for this business and I think once the noise of the oil price gyrations move to one side, things will get back on track.
Certainly a difficult period the past few months. No doubt about that.
Sounds to me like they are just being prudent shutting down certain production where it may be marginal. Plenty of businesses would love to be in that priveleged position in these times.
Let's see what happens.
Skitzo, just imagine the complexities of running a business...
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